Net Income (Loss) Per Common Share

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Net Income (Loss) Per Common Share

Note 12. Net Income (Loss) Per Common Share

The following table sets forth the computation of basic and diluted net income (loss) per common share:

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2022			2021			2022			2021
	(in thousands, except per share data)
Numerator:
Net loss	$	(5,510	)	$	(39,797	)	$	(21,310	)	$	(41,594	)
Preferred stock dividends and accretion		(14,550	)		—			(28,682	)		—
Net loss attributable to common stockholders	$	(20,060	)	$	(39,797	)	$	(49,992	)	$	(41,594	)
Denominator:
Basic weighted-average shares outstanding		41,968			36,881			41,934			36,742
Effect of dilutive awards		—			—			—			—
Diluted weighted-average shares outstanding		41,968			36,881			41,934			36,742
Basic net income (loss) per common share	$	(0.48	)	$	(1.08	)	$	(1.19	)	$	(1.13	)
Diluted net income (loss) per common share	$	(0.48	)	$	(1.08	)	$	(1.19	)	$	(1.13	)
Potentially dilutive shares excluded from the calculation   due to net losses in the period		490			1,607			477			1,864
Anti-dilutive share-based compensation awards    that would be excluded from the calculation    if income was reported in the period		250			—			339			—

For the six months ended June 30, 2022, the weighted average number of common shares outstanding during the period includes 4,666,667 of outstanding, fully vested warrants that are exercisable for $0.01 per warrant.