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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Reconciliation of Basic and Diluted Earnings Per Share

The following is a reconciliation of the basic and diluted earnings per share computation.

 

 

Year Ended December 31,

 

 

 

2023

 

 

2022

 

 

2021

 

 

 

(In thousands, except per
share amounts)

 

Net income (loss)

 

$

604

 

 

$

(1,624

)

 

$

(128,493

)

Weighted average basic common shares outstanding

 

 

34,174

 

 

 

34,237

 

 

 

35,331

 

Effect of dilutive securities - stock options and awards

 

 

299

 

 

 

-

 

 

 

-

 

Total shares and dilutive securities

 

 

34,473

 

 

 

34,237

 

 

 

35,331

 

Basic net income (loss) per common share

 

$

0.02

 

 

$

(0.05

)

 

$

(3.63

)

Diluted net income (loss) per common share

 

$

0.02

 

 

$

(0.05

)

 

$

(3.63

)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

For the years ended December 31, 2023, 2022 and 2021, the Company has excluded the following common stock options and awards because their impact on the loss per share is anti-dilutive (in thousands on a weighted average basis):

 

 

Year Ended December 31,

 

 

 

2023

 

 

2022

 

 

2021

 

 

 

(In thousands)

 

Director stock awards

 

 

-

 

 

 

-

 

 

 

62

 

Stock options

 

 

-

 

 

 

-

 

 

 

46

 

Performance share units

 

 

-

 

 

 

-

 

 

 

325

 

Restricted stock awards

 

 

-

 

 

 

-

 

 

 

485