Net Income (Loss) per Common Share (Tables)

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Summary of Calculations for Basic Net Income (Loss) per Common Share

Basic net income (loss) per common share is computed by dividing net income (loss) available to common stockholders during the period by the weighted average number of common shares outstanding during that period. Diluted net income (loss) per common share is impacted by equity instruments considered to be potential common shares, if dilutive, computed using the treasury stock or the if-converted method of accounting. Dilutive potential common share equivalents are excluded from the computation of net income (loss) per share in loss periods, as their effect would be antidilutive.

	Three Months Ended September 30,						Nine Months Ended September 30,
	2024			2023			2024			2023
Net loss from continuing operations	$	(9,329	)	$	(3,660	)	$	(21,634	)	$	(10,550	)
Net income from discontinued operations, net of tax		95,278			3,638			96,809			6,665
Net income (loss)		85,949			(22	)		75,175			(3,885	)
Less: accretion of Series B convertible preferred stock dividends		(201	)		(319	)		(682	)		(947	)
Net income (loss) available to common stockholders	$	85,748		$	(341	)	$	74,493		$	(4,832	)
Weighted average common shares outstanding - basic		23,660			23,174			23,496			23,008
Effect of dilutive potential common shares		—			—			—			—
Weighted average common shares outstanding - diluted		23,660			23,174			23,496			23,008
Basic and diluted net income (loss) per common share:
Continuing operations	$	(0.40	)	$	(0.17	)	$	(0.95	)	$	(0.50	)
Discontinued operations, net of tax	$	4.03		$	0.16		$	4.12		$	0.29
Net income (loss) per common share	$	3.62		$	(0.01	)	$	3.17		$	(0.21	)

Common Stock Equivalents Excluded From Diluted Net Income (Loss) per Common Share

The following common stock equivalents have been excluded from diluted net income (loss) per share for the three and nine months ended September 30, 2024 and 2023 because their inclusion would have been anti-dilutive (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Shares of common stock subject to outstanding RSUs		964		863		964		863
Shares of common stock subject to outstanding PSUs		478		40		478		40
Shares of common stock subject to outstanding stock options		444		495		444		495
Shares of common stock issuable upon conversion of Series B    convertible preferred stock		6,817		6,568		6,817		6,568
Total		8,703		7,966		8,703		7,966