Organization and Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2022

Organization and Summary of Significant Accounting Policies

Schedule of weighted average number of shares outstanding and earnings per share

The calculation of the weighted average number of shares outstanding and earnings per share are as follows (in thousands except per share data):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Numerator for basic and diluted earnings per share:
Net income (loss)	$	12,131	$	48,524	$	117,964	$	(46,510)
Denominator:
Weighted average shares outstanding		71,107		66,192		71,033		65,139
Dilutive effect of stock-based awards		1,418		6,249		1,353		—
Diluted weighted average shares outstanding		72,525		72,441		72,386		65,139
Anti-dilutive stock-based awards excluded		2,977		3,481		2,952		8,920
Net income (loss) per common share:
Basic	$	0.17	$	0.73	$	1.66	$	(0.71)
Diluted	$	0.17	$	0.67	$	1.63	$	(0.71)

Summary of changes in our estimated warranty reserve

Changes in our estimated product warranty liabilities were as follows (in thousands):

	Nine Months Ended September 30,
	2022		2021
Balance, beginning of period	$	2,822	$	769
Utilization of reserve		(1,988)		(582)
Warranty expense		161		1,176
Balance, end of period	$	995	$	1,363