Basic earnings per share is calculated based on the weighted average number of common shares outstanding during the period. Diluted earnings per share is calculated based on the weighted average number of common shares plus the incremental effect of dilutive potential common shares outstanding during the period. In periods when losses are reported, the weighted average number of common shares outstanding excludes common stock equivalents, because their inclusion would be anti-dilutive.

The components of basic and diluted earnings per share are as follows:


	Three Months Ended June 30,						Six Months Ended June 30,
(In thousands, except per share data)	2025			2024			2025			2024
Numerator:
Net loss	$	(10,903	)	$	(13,782	)	$	(25,960	)	$	(31,297	)
Denominator:
Weighted average common shares outstanding, basic		27,770			27,385			27,667			27,362
Dilutive effect of stock options (1)		—			—			—			—
Dilutive effect of restricted stock units (1)		—			—			—			—
Weighted average common shares outstanding, diluted		27,770			27,385			27,667			27,362
Net loss per share, basic	$	(0.39	)	$	(0.50	)	$	(0.94	)	$	(1.14	)
Net loss per share, diluted	$	(0.39	)	$	(0.50	)	$	(0.94	)	$	(1.14	)
Anti-dilutive securities excluded from diluted loss per share:
Anti-dilutive stock options (1)		780			927			797			950
Anti-dilutive restricted stock units (1)		640			138			648			134
Anti-dilutive warrants		1,452			1,452			1,452			1,452
Anti-dilutive performance-based restricted stock units		—			119			36			119

(1) Due to the net loss during each of the three and six months ended June 30, 2025 and 2024, no dilutive securities were included in the calculation of diluted loss per share because they would have been anti-dilutive.