Quarterly report pursuant to Section 13 or 15(d)

Net Income/(Loss) per Common Share (Tables)

v3.22.2
Net Income/(Loss) per Common Share (Tables)
 3 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Schedule of reconciliation of the denominators used to calculate basic EPS and diluted EPS
The reconciliations of the denominators used to calculate basic and diluted net income/(loss) per common share for the three months ended June 30, 2022 and 2021, respectively, are as follows:
Three Months Ended June 30, 2022 Three Months Ended June 30, 2021
Basic net income/(loss) per common share
Net income/(loss) $ 6,556  $ (340)
Weighted-average common shares outstanding 33,399,868  33,259,804 
Basic net income/(loss) per common share $ 0.20  $ (0.01)
Three Months Ended June 30, 2022 Three Months Ended June 30, 2021
Diluted net income/(loss) per common share    
Net income/(loss) $ 6,556  $ (340)
Weighted-average common shares outstanding 33,399,868  33,259,804 
Common share equivalents:
Stock options —  — 
Restricted and performance stock units 167,416  — 
Weighted average shares outstanding – dilutive (1)
33,567,284  33,259,804 
Diluted net income/(loss) per common share(2)
$ 0.20  $ (0.01)
(1) For the three months ended June 30, 2022 and 2021, 179,882 and 65,854 equity awards, respectively, were not included in the calculation of diluted net income/(loss) per common share, as they would have had an anti-dilutive effect.
(2) As the Company incurred a net loss for the three months ended June 30, 2021, there was no dilutive effect on net loss per common share as common share equivalents are antidilutive. Therefore, both basic and diluted net loss per common share were $(0.01) for the three months ended June 30, 2021.