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Net Income (Loss) Per Common Share (Tables)
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Computation of Basic and Diluted 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