Three months ended

March 31,

2022

2021

Numerator—basic and diluted:

Net loss

$

(14,214

)

$

(732

)

Denominator:

Weighted average common shares - basic common stock ⁽¹⁾

22,754,421

22,181,394

Weighted average common shares - diluted common stock

22,754,421

22,181,394

Net income (loss) per share - basic common stock

$

(0.62

)

$

(0.03

)

Net income (loss) per share - diluted common stock ⁽²⁾

$

(0.62

)

$

(0.03

)

Denominator calculation from basic to diluted:

Weighted average common shares - basic common stock ⁽¹⁾

22,754,421

22,181,394

Stock options and other dilutive awards

88,193

341,716

Weighted average common shares - diluted common stock

22,842,614

22,523,110

Shares excluded from diluted weighted average shares:

Stock options

380,890

64,498

Restricted stock units and restricted stock awards

577,242

308,787

Shares excluded from diluted weighted average shares

958,132

373,285

(1)

Unvested restricted stock units and restricted stock awards are not included as shares outstanding in the calculation of basic earnings per share. Vested restricted stock units and restricted stock awards are included in basic earnings per share if all vesting and performance criteria have been met. Performance-based restricted stock units and restricted stock awards are included in the number of shares used to calculate diluted earnings per share as long as all applicable performance criteria are met, and their effect is dilutive. Restricted stock awards are eligible to receive all dividends declared on the Company’s common shares during the vesting period; however, such dividends are not paid until the restrictions lapse.

(2)

Due to net losses for the three months ended March 31, 2022 and March 31, 2021, diluted loss per share is the same as basic.