EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2023

EARNINGS PER SHARE

Summary of reconciliation of the computation for basic and diluted earnings per share

The following table provides a reconciliation of the computation for basic and diluted earnings per share for the three and nine months ended September 30, 2023 and 2022, respectively (in thousands, except share and per share data):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Net (loss) income	$	(148)	$	(9,013)	$	(2,831)	$	34,668
Change in fair value of warrant liability		-		-		(1,004)		-
Net (loss) income for EPS - Diluted	$	(148)	$	(9,013)	$	(3,835)	$	34,668
Weighted-average number of shares outstanding - basic		51,321,026		51,745,354		51,252,581		51,707,809
Additional shares from assumed stock-settled restricted stock units		-		-		-		2,326,858
Additional shares from assumed exercise of warrants		-		-		177,624		180
Additional shares issued under the employee stock purchase plan		-		-		-		1,555
Weighted-average number of shares outstanding - diluted		51,321,026		51,745,354		51,430,205		54,036,402
(Loss) earnings per share – basic:	$	-	$	(0.17)	$	(0.06)	$	0.67
(Loss) earnings per share – diluted:	$	-	$	(0.17)	$	(0.07)	$	0.64
Anti-dilutive shares/units excluded from earnings per share - diluted:
Additional shares from assumed exercise of warrants		126,154		188,150		-		179,695
Additional shares from assumed stock-settled restricted stock units		2,007,217		2,415,638		1,869,782		-
Additional shares purchasable for employee stock purchase plan		6,542		4,626		1,043		-