NET INCOME (LOSS) PER SHARE (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of computation of basic and diluted net income per common share

The following table sets forth the computation of basic and diluted net income (loss) per common share for the periods indicated (in thousands, except per share data):


	Year ended December 31,
	2021		2020		2019
Numerator:
Income (loss) from continuing operations	$	171,791	$	95,127	$	(62,908)


Less: Preferred stock dividends—declared and accumulated	729		731		894
Undistributed income (loss) from continuing operations	171,062		94,396		(63,802)
Less: Undistributed income (loss) allocated to participating securities	16,409		6,427		(869)
Net income (loss) from continuing operations attributable to common stockholders	$	154,653	$	87,969	$	(62,933)

Income (loss) from discontinued operations attributable to stockholders of Overstock.com, Inc.	$	217,581	$	(39,126)	$	(58,933)
Less: Preferred stock TZROP repurchase loss	—		—		(425)
Undistributed income (loss) from discontinued operations	217,581		(39,126)		(58,508)
Less: Undistributed income (loss) allocated to participating securities	20,870		(2,664)		(796)
Net income (loss) from discontinued operations attributable to common stockholders	196,711		(36,462)		(57,712)
Net income (loss) attributable to common stockholders	$	351,364	$	51,507	$	(120,645)

Denominator:


Weighted average shares of common shares outstanding—basic	42,981		41,217		34,865
Effect of dilutive securities:
Restricted stock awards	351		390		—
Weighted average shares of common shares outstanding—diluted	43,332		41,607		34,865

Net income (loss) from continuing operations per share of common stock:
Basic	$	3.60	$	2.13	$	(1.81)
Diluted	$	3.57	$	2.12	$	(1.81)
Net income (loss) from discontinued operations per share of common stock:
Basic	$	4.58	$	(0.88)	$	(1.65)
Diluted	$	4.54	$	(0.88)	$	(1.65)
Net income (loss) per share of common stock:
Basic	$	8.18	$	1.25	$	(3.46)
Diluted	$	8.11	$	1.24	$	(3.46)

Schedule of anti-dilutive securities excluded from the calculation of diluted shares outstanding

The following shares were excluded from the calculation of diluted shares outstanding as their effect would have been anti-dilutive (in thousands):


	Year ended December 31,
	2021	2020	2019
Restricted stock units	170	228	1,051
Employee stock purchase plan	24	—	—