Quarterly report pursuant to Section 13 or 15(d)

Earnings (Loss) per Common Share - Reconciliation (Details)

v3.23.2
Earnings (Loss) per Common Share - Reconciliation (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Basic earnings per common share:        
Net income (loss) - basic $ (21,448) $ 35,738 $ (44,883) $ 24,982
Weighted shares outstanding - basic (in shares) 5,800,106 3,770,406 5,299,921 3,763,443
Basic earnings (loss) per share (in dollars per share) $ (3.70) $ 9.48 $ (8.47) $ 6.64
Diluted earnings per common share:        
Net income (loss) - basic $ (21,448) $ 35,738 $ (44,883) $ 24,982
Add: Convertible Note interest expense, net of tax   3,938   7,701
Reverse: Change in fair value of derivative liability (24) (10,087) (63) (12,642)
Net income (loss) - diluted $ (21,448) $ 29,589 $ (44,883) $ 20,041
Weighted shares outstanding - basic (in shares) 5,800,106 3,770,406 5,299,921 3,763,443
Add: Dilutive effects of stock options and restricted stock units (in shares)   108,092   118,610
Add: Dilutive effects of if-converted Convertible Note (in shares)   382,012   382,012
Weighted shares outstanding - diluted (in shares) 5,800,106 4,260,511 5,299,921 4,264,065
Diluted earnings (loss) per common share (in dollars per share) $ (3.70) $ 6.94 $ (8.47) $ 4.70