XML 34 R20.htm IDEA: XBRL DOCUMENT v3.22.2
Earnings per Share
6 Months Ended
Jun. 30, 2022
Earnings per Share  
Earnings per Share

Note 13 – Earnings per Share (share counts in thousands)

Basic earnings per share is based on the weighted average number of shares outstanding and excludes the dilutive effect of common stock equivalents. Diluted earnings per share is based on the weighted average number of shares outstanding and includes the dilutive effect of common stock equivalents to the extent they are not anti-dilutive. Because the Company was in a net loss position for the three and six months ended June 30, 2022 and June 30, 2021, diluted net loss per share for these periods excludes the effects of common stock equivalents, which are anti-dilutive.

The details of the earnings per share calculations for the three months ended June 30, 2022 and 2021 are as follows:

Three months ended

Six months ended

June 30,

June 30, 

    

    

2022

    

2021

    

2022

    

2021

(in thousands, except per share data)

(in thousands, except per share data)

Net loss

$

(9,350)

$

(6,685)

$

(4,136)

$

(15,836)

Weighted average common shares outstanding:

 

  

 

  

 

  

 

  

Basic

 

40,157

39,694

39,870

39,692

Incremental shares with dilutive effect:

 

Restricted stock awards

 

Diluted

 

40,157

 

39,694

 

39,870

 

39,692

Net loss per share:

 

  

 

  

 

  

 

  

Basic

$

(0.23)

$

(0.17)

$

(0.10)

$

(0.40)

Diluted

$

(0.23)

$

(0.17)

$

(0.10)

$

(0.40)