Earnings per Share

6 Months Ended

Jun. 30, 2023

The computations of basic and diluted EPS are set forth below:


	For the Three Months Ended June 30,					For the Six Months Ended June 30,
	2023		2022			2023			2022
	(in thousands, except per share amounts, unaudited)
Numerator for basic and diluted EPS — net income (loss)	$	4,437	$	(18,732)		$	(18,881)		$	(30,838)
Denominator for basic EPS — weighted average number of shares	18,802		18,238			18,560			18,331
Add — dilutive effect of:
Restricted stock units	2,659		—		(1)	—		(1)	—		(1)
Denominator for diluted EPS — weighted average number of shares and dilutive securities	21,462		18,238		(1)	18,560		(1)	18,331		(1)
Earnings (loss) per share:
Basic EPS	$	0.24	$	(1.03)		$	(1.02)		$	(1.68)
Diluted EPS	$	0.21	$	(1.03)		$	(1.02)		$	(1.68)

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(1) Excludes 3,811,000 unamortized restricted stock units that were antidilutive for the three months ended June 30, 2022, and 2,810,137 and 4,404,000 unamortized restricted stock units that were antidilutive for the six months ended June 30, 2023, and June 30, 2022, respectively, and thus were not included in the above calculation. The incremental shares that could be included in the diluted EPS calculation in future periods will vary based on a variety of factors, including the future share price and the amount of unrecognized compensation cost. The incremental shares included, if any, would be less than the number of outstanding restricted stock units.

The activity related to the restricted stock units is set forth below:


	Restricted Stock Units Outstanding
	2023			2022
	Units	Grant Date Weighted Average Fair Value		Units	Grant Date Weighted Average Fair Value
Outstanding, January 1,	6,589,995	$	13.80	7,799,509	$	13.78
Granted	2,230,243	10.08		1,802,436	16.13
Delivered	(2,072,323)	14.76		(1,763,049)	14.33
Forfeited	(434,029)	12.47		(47,598)	14.70
Outstanding, June 30,	6,313,886	$	12.23	7,791,298	$	14.05