Net Income Per Share:

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Net Income Per Share [Text Block]

Net Loss Per Share

Basic earnings per share is computed by dividing net income by the weighted-average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income by the weighted-average number of common shares outstanding during the period plus dilutive securities. Dilutive securities include outstanding common stock options and unvested restricted stock units, less the number of shares that could have been purchased with the proceeds from the exercise of the options, using the treasury stock method. Options and restricted stock units that are anti-dilutive are not included in the treasury stock method calculation. A net loss for the three months ended March 31, 2024 and 2023, causes all of the potentially dilutive common shares to be antidilutive, accordingly they were not included in the computation of diluted earnings per share and basic and diluted net loss per share are equal for each of these periods.

    The following table presents the calculation of net earnings per common share (“EPS”) — basic and diluted (in thousands, except per share data): 

	Three months ended March 31,
	2024		2023
Net loss	$	(39,471)	$	(9,812)
Weighted-average number of common shares outstanding (basic)	24,222		24,014
Dilutive securities(1)	—		—
Weighted-average common and common equivalent shares outstanding (diluted)	24,222		24,014
EPS — basic	$	(1.63)	$	(0.41)
EPS — diluted	$	(1.63)	$	(0.41)
Total anti-dilutive stock options and restricted stock awards	576		379

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(1)    Due to the net loss for the three months ended March 31, 2024 and 2023, there are no potentially dilutive common shares included in the computation of diluted earnings per share.