NET INCOME LOSS PER SHARE

3 Months Ended

Mar. 31, 2023

Earnings Per Share, Policy [Policy Text Block]

13. NET INCOME (LOSS) PER 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):


	Three months ended March 31,
	2023		2022
Numerator:
Net income (loss)	$	(10,307)	$	10,123

Less: Preferred stock dividends—declared and accumulated	—		182
Undistributed income (loss)	(10,307)		9,941
Less: Undistributed income (loss) allocated to participating securities	—		952
Net income (loss) attributable to common stockholders	$	(10,307)	$	8,989






Denominator:
Weighted average shares of common stock outstanding—basic	45,067		43,052
Effect of dilutive securities:
Restricted stock awards	—		230
Weighted average shares of common stock outstanding—diluted	45,067		43,282







Net income (loss) per share of common stock:
Basic	$	(0.23)	$	0.21
Diluted	$	(0.23)	$	0.21

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


	Three months ended March 31,
	2023	2022
Restricted stock units	1,489	506
Employee stock purchase plan	117	64