Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

Schedule of Earnings Per Share

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