Loss Per Common Share (Tables)

12 Months Ended

Dec. 31, 2022

Computation of Basic and Diluted (Loss) Income Per Common Share

The following table sets forth the computation of basic and diluted loss per common share (in thousands, except per share data):


Basic loss per common share	2022		2021		2020
Net loss	$	(19,192)	$	(14,834)	$	(16,682)
Net loss allocated to participating securities	98		94		111
Net loss allocated to common shareholders	$	(19,094)	$	(14,740)	$	(16,571)

Basic weighted-average common shares outstanding	40,032		38,983		37,861
Basic loss per common share	$	(0.48)	$	(0.38)	$	(0.44)

Diluted loss per common share	2022		2021		2020
Net loss	$	(19,192)	$	(14,834)	$	(16,682)
Net loss allocated to participating securities	98		94		111
Net loss allocated to common shareholders	$	(19,094)	$	(14,740)	$	(16,571)

Basic weighted-average common shares outstanding	40,032		38,983		37,861
Effect of dilutive options and awardsa	—		—		—
Diluted weighted-average common shares outstanding	40,032		38,983		37,861
Diluted loss per common share	$	(0.48)	$	(0.38)	$	(0.44)

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a We excluded stock options from the calculation of diluted weighted-average common shares outstanding if the per share value, including the sum of (i) the exercise price of the options and (ii) the amount of the compensation cost attributed to future services and not yet recognized, was greater than the average market price of the shares because the inclusion of these stock options would be antidilutive to loss per common share. For the years ended December 31, 2022, 2021, and 2020 all stock options and awards were excluded from the calculation of diluted weighted-average common shares outstanding as these would be antidilutive to the net loss.