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Earnings per share ("EPS")
3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
Earnings per share ("EPS")

15. Earnings per share (“EPS”)

For the three months ended March 31, 2023, no adjustments were made to net income for purposes of calculating basic and diluted EPS. The following is a reconciliation of the weighted average shares used in diluted EPS computations.

 

 

 

Three Months Ended
March 31,

 

(Unaudited, In thousands)

 

2023

 

 

2022

 

Weighted average common shares-basic

 

 

35,734

 

 

 

19,898

 

Effect of dilutive securities

 

 

 

 

 

 

Unexercised stock options and stock purchase plan

 

 

 

 

 

 

Unvested restricted stock units

 

 

 

 

 

 

Weighted average common shares-diluted

 

 

35,734

 

 

 

19,898

 

 

There were 7.2 million and 2.5 million weighted average outstanding stock options and restricted stock units not included in the diluted EPS computation for the three months ended March 31, 2023 and 2022, respectively, because inclusion of these awards was anti-dilutive.