XML 42 R33.htm IDEA: XBRL DOCUMENT v3.25.1
Net Income (Loss) per Common Share (Tables)
12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Summary of Calculations for Basic and Diluted Net Income (Loss) Per Common Share

The calculations for basic and diluted net income (loss) per common share are as follows:

 

Year Ended December 31,

 

 

 

2024

 

 

2023

 

Net loss from continuing operations

 

$

(25,911

)

 

$

(13,875

)

Net income from discontinued operations, net of tax

 

 

100,731

 

 

 

8,386

 

Net income (loss)

 

 

74,820

 

 

 

(5,489

)

Less: accretion of Series B convertible preferred stock dividends

 

 

(883

)

 

 

(1,266

)

Net income (loss) available to common stockholders

 

$

73,937

 

 

$

(6,755

)

 

 

 

 

 

 

Weighted average common shares outstanding - basic and diluted

 

 

23,581

 

 

23,068

 

 

 

 

 

 

 

 

Basic and diluted net income (loss) per common share:

 

 

 

 

 

 

Continuing operations

 

$

(1.14

)

 

$

(0.66

)

Discontinued operations, net of tax

 

$

4.27

 

 

$

0.36

 

Net income (loss) per common share

 

$

3.14

 

 

$

(0.29

)

 

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

The following common stock equivalents have been excluded from diluted net income (loss) per share for the fiscal years presented below because their inclusion would have been anti-dilutive (in thousands):

 

 

 

December 31,

 

 

 

2024

 

 

2023

 

Shares of common stock subject to outstanding RSUs

 

 

807

 

 

 

730

 

Shares of common stock subject to outstanding PSUs

 

 

418

 

 

 

 

Shares of common stock subject to outstanding stock options

 

 

444

 

 

 

495

 

Shares of common stock issuable upon conversion of Series B
   convertible preferred stock

 

 

6,868

 

 

 

6,647

 

Total

 

 

8,537

 

 

 

7,872