Earnings (Loss) Per Share |
Earnings (Loss) Per Share The following table sets forth the computation of basic and diluted earnings (loss) per share:
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Three Months Ended June 30, |
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Six Months Ended June 30, |
(in thousands, except per share data) |
2023 |
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2022 |
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2023 |
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2022 |
Numerator: |
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Net income (loss) from continuing operations |
$ |
(3,748) |
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$ |
10,822 |
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$ |
(5,697) |
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$ |
20,829 |
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Net income (loss) from discontinued operations |
$ |
(10,888) |
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$ |
235 |
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$ |
(14,138) |
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$ |
488 |
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Net income (loss) |
$ |
(14,636) |
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$ |
11,057 |
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$ |
(19,835) |
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$ |
21,317 |
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Denominator: |
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Weighted-average common shares outstanding |
10,170 |
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10,244 |
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10,159 |
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10,226 |
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Effect of dilutive securities: |
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Employee stock options and stock grants |
— |
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187 |
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— |
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151 |
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Weighted-average common shares, as adjusted |
10,170 |
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10,431 |
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10,159 |
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10,377 |
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Net income (loss) per share from continuing operations: |
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Basic |
$ |
(0.37) |
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$ |
1.06 |
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$ |
(0.56) |
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$ |
2.04 |
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Diluted |
$ |
(0.37) |
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$ |
1.04 |
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$ |
(0.56) |
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$ |
2.01 |
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Net income (loss) income per share from discontinued operations: |
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Basic |
$ |
(1.07) |
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$ |
0.02 |
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$ |
(1.39) |
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$ |
0.05 |
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Diluted |
$ |
(1.07) |
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$ |
0.02 |
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$ |
(1.39) |
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$ |
0.05 |
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Net income (loss) per share: |
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Basic |
$ |
(1.44) |
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$ |
1.08 |
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$ |
(1.95) |
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$ |
2.08 |
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Diluted |
$ |
(1.44) |
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$ |
1.06 |
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$ |
(1.95) |
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$ |
2.05 |
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The diluted earnings (loss) per share calculations exclude the effect of potentially dilutive shares when the inclusion of those shares in the calculation would have an anti-dilutive effect. The Company had 0.1 million shares that were anti-dilutive for the three and six months ended June 30, 2023. The Company had $0.1 million shares of common stock that were anti-dilutive for the three months ended June 30, 2022. The Company had an immaterial number of shares that were anti-dilutive for the six months ended June 30, 2022.
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