Quarterly report pursuant to Section 13 or 15(d)

INCOME (LOSS) PER SHARE

v3.23.3
INCOME (LOSS) PER SHARE
 9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
INCOME (LOSS) PER SHARE

5. INCOME (LOSS) PER SHARE

The following table presents the computation of basic and diluted income (loss) per share for the three and nine months ended September 30, 2023 and 2022 (in thousands, except per share data):

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Net income (loss)

 

$

(33,235

)

 

$

598

 

 

$

(31,492

)

 

$

(3,901

)

Weighted average shares(1)

 

 

16,287

 

 

 

15,923

 

 

 

16,162

 

 

 

15,808

 

Basic and diluted income (loss) per common share

 

$

(2.04

)

 

$

0.04

 

 

$

(1.95

)

 

$

(0.25

)

 

(1)
The effect of approximately 147 thousand dilutive non-vested shares is not material to the calculation of diluted income per share for the three months ended September 30, 2022.