Income (Loss) Per Share Applicable to Common Stockholders (Tables)

9 Months Ended

Sep. 30, 2024

The following table sets forth the computations of income (loss) per share amounts applicable to common stockholders for the three and nine months ended September 30, 2024 and 2023:


	Three Months Ended September 30,				Nine Months Ended September 30,
(In thousands, except per share data)	2024		2023		2024		2023
Numerator:
Net income (loss)	$	1,878	$	(959)	$	1,371	$	(5,052)

Denominator:
Weighted average common shares outstanding for basic earnings per share (1)	75,972		75,050		75,588		74,938
Plus: incremental shares from assumed exercise of options and assumed vesting of restricted stock (2)	1,796		—		1,216		—
Adjusted weighted average common shares outstanding for diluted earnings per share	77,768		75,050		76,804		74,938

Earnings (Loss) Per Share:
Basic net income (loss) per common share	$	0.02	$	(0.01)	$	0.02	$	(0.07)
Diluted net income (loss) per common share	$	0.02	$	(0.01)	$	0.02	$	(0.07)

(1) Includes a weighted average of approximately 167,000 nonvested shares of restricted stock for each of the three and nine months ended September 30, 2024 and 167,000 and 177,000 nonvested shares of restricted stock for the three and nine months ended September 30, 2023, respectively, which are participating securities that feature voting and dividend rights.

(2) Options and restricted stock outstanding, which are anti-dilutive and therefore not factored into the weighted average common shares amount above, for the three and nine months ended September 30, 2024 and 2023 were as follows:


	Three Months Ended September 30,		Nine Months Ended September 30,
(In thousands)	2024	2023	2024	2023
Stock options	5,712	11,917	6,585	11,917
Restricted stock units	—	677	—	677