Annual report pursuant to Section 13 and 15(d)

Earnings (Loss) Per Share

Earnings (Loss) Per Share

12 Months Ended

Dec. 31, 2023

NOTE 13. EARNINGS (LOSS) PER SHARE

Basic earnings (loss) per share is computed by dividing earnings (loss) by the weighted average number of common shares outstanding during each period. Diluted earnings (loss) per share is computed by dividing earnings (loss) by the total of the weighted average number of shares of common stock outstanding during each period, plus the effect of dilutive outstanding stock options and unvested restricted stock grants. Potentially dilutive securities are excluded from the computation of diluted earnings (loss) per share if their effect is anti-dilutive to the loss from continuing operations.

The following table is a reconciliation of basic and diluted shares of common stock outstanding used in the calculation of earnings (loss) per share:


	Year Ended December 31,
	2023		2022		2021

Weighted average shares outstanding - basic		37,485		37,201		33,136
Effect of dilutive stock awards		-		-		2,509
Effect of dilutive deferred stock consideration for business acquisition		-		-		41
Weighted average shares outstanding - diluted		37,485		37,201		35,686

(Loss) income from continuing operations per share:
Basic	$	(0.42)	$	(2.49)	$	0.06
Diluted		(0.42)		(2.49)		0.06

Income from discontinued operations per share:
Basic	$	0.15	$	0.62	$	0.72
Diluted		0.15		0.62		0.67

Net (loss) income per share:
Basic	$	(0.27)	$	(1.88)	$	0.79
Diluted		(0.27)		(1.88)		0.73

For the years ended December 31, 2023, 2022, and 2021, equity awards of 5,424, 6,060, and 509, respectively, were outstanding and anti-dilutive and therefore not included in the calculation of net (loss) income per share for these periods.