Earnings (Loss) Per Share

12 Months Ended

Dec. 31, 2021

Earnings (Loss) Per Share The Company computes basic earnings (loss) per share by dividing net loss by the weighted-average common shares outstanding during the year. Diluted earnings (loss) per share is calculated to give effect to all potentially dilutive common shares that were outstanding during the year. Weighted-average diluted common shares outstanding primarily reflect the additional shares that would be issued upon the assumed exercise of stock options and the assumed vesting of unvested share awards. The treasury stock method has been used to compute diluted earnings (loss) per share for 2021 and 2020.

The computations of basic and diluted earnings (loss) per share are as follows:


(in thousands, except per share basis)	For the Year Ended December 31,
	2021		2020
Numerator:


Net loss – basic and diluted	$	(48,472)	$	(22,982)



Denominator:
Shares used in computing net loss per share
Weighted-average common shares outstanding - basic	22,908		22,872
Effect of dilutive securities	—		—
Weighted-average common shares outstanding – diluted	22,908		22,872

Loss per common share
Loss per share of common stock – basic	$	(2.12)	$	(1.00)
Loss per share of common stock – diluted	$	(2.12)	$	(1.00)

The aggregate number of shares excluded from the diluted earnings (loss) per share calculations because they would have been anti-dilutive were 0.2 million and 0.2 million shares in 2021 and 2020, respectively.