Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.23.1
Earnings Per Share
 3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

9. EARNINGS PER SHARE.

 

The following tables compute basic and diluted earnings per share (in thousands, except per share data):

 

    Three Months Ended
March 31, 2023		  
    Loss
Numerator		     Shares
Denominator		     Per-Share
Amount		  
Net loss   $ (13,166 )                
Less: Preferred stock dividends     (312 )    
 
      
 
  
Basic and diluted loss per share:                        
Net loss available to common stockholders   $ (13,478 )     73,815     $ (0.18 )

 

    Three Months Ended
March 31, 2022		  
    Loss
Numerator		     Shares
Denominator		     Per-Share
Amount		  
Net loss   $ (2,602 )                
Less: Preferred stock dividends     (312 )    
 
      
 
  
Basic and diluted loss per share:                        
Net loss available to common stockholders   $ (2,914 )     71,390     $ (0.04 )

 

There were an additional aggregate potentially dilutive weighted-average shares of 964,000 and 1,339,000 from convertible securities outstanding for the three months ended March 31, 2023 and 2022. These securities were not considered in calculating diluted net loss per share for the three months ended March 31, 2023 and 2022, as their effect would have been anti-dilutive.