Earnings Per Share

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

The following table presents the reconciliation of the numerator and denominator for calculating net loss per share:

	Third Quarter				First Nine Months
(In thousands, except per share data)	2022		2021		2022		2021
Numerator
Net loss - basic and diluted	$	(24,595)	$	(10,485)	$	(29,826)	$	(21,845)
Denominator
Weighted average common shares outstanding - basic	93,737		91,932		92,843		91,264
Dilutive effect of stock options and restricted stock awards	—		—		—		—
Weighted average common shares outstanding - diluted	93,737		91,932		92,843		91,264
Net loss per common share
Basic	$	(0.26)	$	(0.11)	$	(0.32)	$	(0.24)
Diluted	$	(0.26)	$	(0.11)	$	(0.32)	$	(0.24)

We excluded the following weighted-average potential shares from the calculations of diluted net loss per share during the applicable periods because their inclusion would have been anti-dilutive:

	Third Quarter		First Nine Months
(In thousands)	2022	2021	2022	2021
Stock options and restricted stock awards	5,711	5,954	5,526	5,708

For the third quarter and first nine months of 2022 and 2021, we excluded all potentially dilutive stock options and restricted stock awards in calculating diluted earnings per share as the effect was anti-dilutive due to the net loss incurred for these periods.