Earnings Per Share

6 Months Ended

Jun. 30, 2023

Note 12 – Earnings Per Share

As a result of the Mergers discussed in Note 1 – Nature of Operations and Basis of Presentation, all historical per share data and number of shares and numbers of equity awards were retroactively adjusted. The following table provides the computation of basic and diluted earnings per share:


	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands, except share and per share data)	2023		2022		2023		2022

Basic income per share:
Net income (loss)	$	3,024	$	(4,715)	$	8,931	$	(7,252)
Basic weighted average shares outstanding	21,810,618		20,343,028		21,467,599		15,347,943
Basic income (loss) per share of common stock	$	0.14	$	(0.23)	$	0.42	$	(0.47)

Diluted income per share:
Net income (loss)	$	3,024	$	(4,715)	$	8,931	$	(7,252)
Basic weighted average shares outstanding	21,810,618		20,343,028		21,467,599		15,347,943
Effect of dilutive securities	186,889		—		185,010		—





Diluted weighted average shares outstanding	21,997,507		20,343,028		21,652,609		15,347,943
Diluted income (loss) per share of common stock	$	0.14	$	(0.23)	$	0.41	$	(0.47)
Anti-dilutive securities excluded from the calculation of diluted income per share	782		464,068		6,001		359,358