LOSS PER SHARE AND STOCKHOLDERS’ EQUITY (Tables)

3 Months Ended

Jun. 30, 2024

LOSS PER SHARE AND STOCKHOLDERS’ EQUITY

Schedule of Reconciliation of Numerator And Denominator of Basic and Diluted Earnings (Loss) Per Share

A reconciliation of the numerator and denominator of basic and diluted loss per share is shown below (in thousands, except per share amounts):

 

	For the three months ended
	June 30,
	2024		2023
Basic loss per share:
Net loss	$	(7,489)	$	(1,586)
Basic weighted-average shares outstanding	66,621		66,497
Basic loss per share	$	(0.11)	$	(0.02)
Diluted loss per share:
Basic weighted-average shares outstanding	66,621		66,497
Dilutive effect of common stock options and restricted stock units as computed under the treasury stock method (1)	—		—
Diluted weighted-average shares outstanding	66,621		66,497
Diluted loss per share	$	(0.11)	$	(0.02)

(1) The number of common stock options and restricted stock units as computed under the treasury stock method that would have otherwise been dilutive but are excluded from the table above because their effect would have been anti-dilutive due to the net loss position of the Company was 1.8 million and 0.9 million for the three months ended June 30, 2024 and 2023, respectively.

Schedule of Anti-dilutive Options, Warrants and Restricted Stock Units Excluded from Computation of Loss Per Share

Restricted stock units that were outstanding during the periods presented but were not included in the computation of diluted loss per share because their effect would have been anti-dilutive (other than due to the net loss position of the Company) are shown below (shares in thousands):

 

	For the three months ended
	June 30,
	2024	2023
Number of shares underlying restricted stock units	1,858	2,708