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Stockholders' Equity
12 Months Ended
Dec. 31, 2022
Equity [Abstract]  
Stockholders' Equity Stockholders’ Equity
Common Stock - Our authorized capital stock consists of 60,000,000 shares of common stock with a par value of $0.01 per share, with 32,826,852 and 32,034,592 shares were issued and outstanding as of December 31, 2022 and 2021, respectively.
Preferred Stock - Our authorized capital stock includes preferred stock of 5,000,000 shares with a par value of $0.01 per share, with no shares outstanding as of December 31, 2022 and 2021.
Earnings (Loss) Per Share - Basic earnings (loss) per share is determined by dividing net income by the weighted average number of common shares outstanding during the year. Diluted earnings (loss) per share presented is determined by dividing net income by the weighted average number of common shares and potential common shares outstanding during the period as determined by the treasury stock method. Potential common shares are included in the diluted earnings per share calculation when dilutive.
Diluted earnings (loss) per share for years ended December 31, 2022, 2021 and 2020 includes the effects of potential common shares when dilutive and is as follows:
202220212020
Net income (loss) attributable to common stockholders $(21,971)$23,732 $(37,049)
Weighted average number of common shares outstanding32,334 31,501 30,943 
Dilutive effect of restricted stock grants after application of the treasury stock method— 1,289 — 
Dilutive shares outstanding32,334 32,790 30,943 
Basic earnings (loss) per share attributable to common stockholders $(0.68)$0.75 $(1.20)
Diluted earnings (loss) per share attributable to common stockholders $(0.68)$0.72 $(1.20)
For the year ended December 31, 2022, diluted earnings per share excludes 113 thousand shares, of non-vested restricted stock as the effect would have been anti-dilutive. There were no anti-dilutive shares for the year ended December 31, 2021. For the year ended December 31, 2020, diluted earnings (loss) per share excludes 220 thousand shares, of non-vested restricted stock as the effect would have been anti-dilutive.
Dividends — We have not declared or paid any cash dividends in the past. The terms of our Credit Agreement restrict the payment or distribution of our cash or other assets, including cash dividend payments.