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The following table provides a reconciliation of the computation for basic and diluted earnings per share for the three months ended March 31, 2023 and 2022, respectively (in thousands, except share and per share data):
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Three Months Ended March 31, |
|
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2023 |
|
2022 |
Net income |
|
$ |
5 |
|
$ |
17,226 |
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|
|
|
|
|
|
Weighted-average number of shares outstanding - basic |
|
|
51,206,226 |
|
|
51,686,583 |
Additional shares from assumed stock-settled restricted stock units |
|
|
1,745,293 |
|
|
1,818,745 |
Additional shares from assumed exercise of public warrants |
|
|
- |
|
|
481 |
Additional shares issued under the employee stock purchase plan |
|
|
7,036 |
|
|
4,703 |
Weighted-average number of shares outstanding - diluted |
|
|
52,958,555 |
|
|
53,510,512 |
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|
|
|
|
|
|
Earnings per share – basic: |
|
$ |
0.00 |
|
$ |
0.33 |
Earnings per share – diluted: |
|
$ |
0.00 |
|
$ |
0.32 |
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|
|
|
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Anti-dilutive shares/units excluded from earnings per share - diluted: |
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|
|
|
|
|
Additional shares from assumed exercise of private warrants |
|
|
220,428 |
|
|
188,913 |
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