Earnings per Share (Note)

9 Months Ended

Sep. 30, 2024

The following table sets forth the computation of basic and diluted earnings per share for the three and nine months ended September 30, 2024 and 2023:


	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands, except per share data)	2024		2023		2024		2023
Numerator:
Net income (loss)	$	235	$	(13,868)	$	(18,508)	$	(46,159)
Denominator:
Weighted average shares (basic)	47,231		46,225		47,038		46,084
Dilutive effect of potential common shares	107		—		—		—
Weighted average shares (diluted)	47,338		46,225		47,038		46,084
Basic income (loss) per share	$	—	$	(0.30)	$	(0.39)	$	(1.00)
Diluted income (loss) per share	$	—	$	(0.30)	$	(0.39)	$	(1.00)

Dilutive potential common shares consist of shares issuable upon the vesting of restricted stock units ("RSUs") and market stock units ("MSUs"). Potential common shares determined to be antidilutive and excluded from diluted weighted average shares were approximately 2.5 million and 1.4 million for the three months ended September 30, 2024 and 2023, respectively, and 1.9 million for the nine months ended September 30, 2024 and 2023. In addition, potential common shares related to the convertible notes determined to be antidilutive and excluded from diluted weighted average shares were 6.4 million and 5.8 million for the three months ended September 30, 2024 and 2023, respectively, and 6.5 million and 5.8 million for the nine months ended September 30, 2024 and 2023, respectively.