| Summary of reconciliation of the computation for basic and diluted earnings per share |
The following table provides a reconciliation of the computation for basic and diluted earnings per share for the three and six months ended June 30, 2023 and 2022, respectively (in thousands, except share and per share data):
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2023 |
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2022 |
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2023 |
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2022 |
Net (loss) income |
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$ |
(2,688) |
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$ |
26,455 |
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$ |
(2,683) |
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$ |
43,681 |
Change in fair value of warrant liability |
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(1,393) |
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(1,382) |
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(1,059) |
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(148) |
Net (loss) income for EPS - Diluted |
|
$ |
(4,081) |
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$ |
25,073 |
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$ |
(3,742) |
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$ |
43,533 |
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Weighted-average number of shares outstanding - basic |
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51,227,484 |
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51,691,076 |
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51,217,990 |
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51,688,837 |
Additional shares from assumed stock-settled restricted stock units |
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- |
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2,035,155 |
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- |
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2,049,295 |
Additional shares from assumed exercise of warrants |
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177,169 |
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156,011 |
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199,899 |
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173,148 |
Weighted-average number of shares outstanding - diluted |
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51,404,653 |
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53,882,242 |
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51,417,889 |
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53,911,280 |
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(Loss) earnings per share – basic: |
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$ |
(0.05) |
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$ |
0.51 |
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$ |
(0.05) |
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$ |
0.85 |
(Loss) earnings per share – diluted: |
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$ |
(0.08) |
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$ |
0.47 |
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$ |
(0.07) |
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$ |
0.81 |
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Anti-dilutive shares/units excluded from earnings per share - diluted: |
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Additional shares from assumed stock-settled restricted stock units |
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1,788,589 |
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- |
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1,782,032 |
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- |
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