Net Income Per Share:

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Net Income Per Share [Text Block]

Net Loss Per Share

Basic earnings per share is computed by dividing net loss by the weighted-average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net loss 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 and six months ended June 30, 2024 and 2023, causes all of the potentially dilutive common shares to be antidilutive, and 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 June 30,				Six months ended June 30,
	2024		2023		2024		2023
Net loss	$	(21,406)	$	(9,934)	$	(60,877)	$	(19,746)
Weighted-average number of common shares outstanding (basic)	24,393		24,075		24,295		24,045
Dilutive securities(1)	—		—		—		—
Weighted-average common and common equivalent shares outstanding (diluted)	24,393		24,075		24,295		24,045
EPS — basic	$	(0.88)	$	(0.41)	$	(2.51)	$	(0.82)
EPS — diluted	$	(0.88)	$	(0.41)	$	(2.51)	$	(0.82)
Total anti-dilutive stock options and restricted stock awards	216		162		202		72

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(1)    Due to the net loss for the three and six months ended June 30, 2024 and 2023, there are no potentially dilutive common shares included in the computation of diluted earnings per share.