Earnings Per Share

6 Months Ended

Jun. 30, 2024

Earnings per Share

Basic (loss) earnings per share is based upon the weighted average common shares outstanding during each year. Diluted (loss) earnings per share is based on the basic weighted (loss) earnings per share with additional weighted common shares for common stock equivalents. During the three and six months ended June 30, 2024 and June 30, 2023, we had outstanding restricted shares of common stock to certain of our employees and directors, under the Company's restricted stock award plans. A reconciliation of the numerator (net (loss) income) and denominator (weighted average number of shares outstanding of basic and diluted) for the three and six months ended June 30, 2024 and June 30, 2023 is as follows (in thousands, except per share data):


	Three months ended June 30, 2024
	Net Loss (numerator)		Shares (denominator)	Per Share Amount
Basic loss per share	$	(3,478)	78,913	$	(0.04)
Effect of restricted stock	—		68
Diluted loss per share	$	(3,478)	78,981	$	(0.04)


	Three months ended June 30, 2023
	Net Income (numerator)		Shares (denominator)	Per Share Amount
Basic earnings per share	$	7,771	78,999	$	0.10
Effect of restricted stock	—		82
Diluted earnings per share	$	7,771	79,081	$	0.10


	Six months ended June 30, 2024
	Net Loss (numerator)		Shares (denominator)	Per Share Amount
Basic loss per share	$	(18,586)	78,979	$	(0.24)
Effect of restricted stock	—		72
Diluted loss per share	$	(18,586)	79,051	$	(0.24)


	Six months ended June 30, 2023
	Net Income (numerator)		Shares (denominator)	Per Share Amount
Basic earnings per share	$	20,383	78,993	$	0.26
Effect of restricted stock	—		59
Diluted earnings per share	$	20,383	79,052	$	0.26