EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

Schedule of Net Income (Loss) Attribute To Common Stockholders

The following table summarizes net income attributable to common stockholders used in the calculation of basic and diluted income per common share:

	Three months ended March 31,
	2023		2022
(Dollars in thousands - except share and per share amounts)
Distributed earnings allocated to common stock	$	—	$	—
Net (loss) income attributable to common stock and participating securities used to calculate basic (loss) earnings per share	(1,460)		18,411
Net earnings allocated to Series A convertible preferred stock	—		8,689
Net (loss) earnings allocated to common stock and participating securities	$	(1,460)	$	27,100
Weighted average shares outstanding	11,688,542		12,497,743
Dilutive effect of pre-funded warrants	300,357		300,357
Weighted average shares outstanding - basic	11,988,899		12,798,100
Weighted average common shares outstanding	11,688,542		12,497,743
Weighted average pre-funded warrants	300,357		300,357
Weighted average warrants (equity)	—		1,244,495
Weighted average warrants (liabilities)	—		438,143
Weighted average options	—		6,080,398
Weighted average shares outstanding - diluted	11,988,899		20,561,136
Basic income per common share	$	(0.12)	$	1.44
Diluted income per common share	$	(0.17)	$	1.17

Schedule of Antidilutive Securities Excluded From Computation of Earnings Per Share

The following common stock equivalent shares were excluded from the computation of the diluted income per share since their inclusion would have been anti-dilutive:

	Three months ended March 31,
	2023	2022
Stock options	295,061	270,032
Restricted stock units	237,249	—
Shares issuable under the Employee Stock Purchase Plan	18,805	31,874
Share equivalents excluded from EPS	551,115	301,906