Three Months Ended

Six Months Ended

June 30,

2024

2023

2024

2023

Basic:

Net income (loss)

$

(105)

$

(4,748)

$

(31,307)

$

18,063

Less: Preferred stock dividend

(8,586)

(997)

(14,218)

(2,489)

Less: Undistributed earnings allocable to preferred stockholders

—

(1,301)

Net (loss) income available to common stockholders

$

(8,691)

$

(5,745)

$

(45,525)

$

14,273

Weighted average basic number of common shares outstanding basic

16,457

16,425

Basic net (loss) income per share of common stock

$

(0.53)

$

(0.35)

$

(2.77)

$

0.87

Diluted:

Net (loss) income available to common stockholders basic

$

(8,691)

$

(5,745)

$

(45,525)

$

14,273

Reallocation of undistributed earnings

—

7

Net (loss) income available to common stockholders diluted

$

(8,691)

$

(5,745)

$

(45,525)

$

14,280

Weighted average basic number of common shares outstanding basic

16,457

16,425

Common stock equivalent shares representing shares issuable upon:

Exercise of stock options

Anti-dilutive

Vesting of restricted stock units

Anti-dilutive

95

Weighted average diluted number of common shares outstanding diluted

16,457

16,520

Diluted net (loss) income per share of common stock

$

(0.53)

$

(0.35)

$

(2.77)

$

0.86