EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2023

EARNINGS PER SHAREThe Company calculates basic earnings per share by dividing the net income (loss) by the weighted average number of shares of common stock outstanding for the period. The diluted earnings per share is computed by assuming the exercise, settlement, and vesting of all potential dilutive common stock equivalents outstanding for the period using the treasury stock method.

The following table sets forth a reconciliation of the numerator and denominator used to compute basic earnings and diluted per share of common stock.


	Three Months Ended September 30,				Nine Months Ended September 30,
$ in thousands, except per share amounts	2023		2022		2023		2022
Numerator
Net loss from continuing operations	$	(13,161)	$	(23,913)	$	(31,756)	$	(134,695)
(Loss) income from discontinued operations, net of tax	(1,078)		736		(696)		3,207
Net loss	$	(14,239)	$	(23,177)	$	(32,452)	$	(131,488)

Denominator
Basic weighted average shares outstanding	7,262		4,224		6,341		4,162


Diluted weighted average shares outstanding	7,262		4,224		6,341		4,162

(Loss) income per basic share:
Loss per basic share from continuing operations	$	(1.81)	$	(5.66)	$	(5.01)	$	(32.36)
(Loss) income per basic share from discontinued operations	(0.15)		0.17		(0.11)		0.77
Loss per basic share	$	(1.96)	$	(5.49)	$	(5.12)	$	(31.59)

(Loss) income per diluted share:
Loss per diluted share from continuing operations	$	(1.81)	$	(5.66)	$	(5.01)	$	(32.36)
(Loss) income per diluted share from discontinued operations	(0.15)		0.17		(0.11)		0.77
Loss per diluted share	$	(1.96)	$	(5.49)	$	(5.12)	$	(31.59)

For the three and nine months ended September 30, 2023, there was no impact of dilution from any of the outstanding 12,048 RSUs or 359,647 common stock options due to the net loss, since inclusion of any impact from these awards would be anti-dilutive. For the three and nine months ended September 30, 2022, there was no impact of dilution from any of the outstanding 48,215 RSUs or 57,056 common stock options due to the net loss, since inclusion of any impact from these awards would be antidilutive.