NET INCOME (LOSS) PER SHARE (Tables)

12 Months Ended

Dec. 31, 2023

SCHEDULE OF ANTIDILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF DILUTED INCOME (LOSS) PER SHARE

The following table presents the securities that were not included in the computation of diluted income (loss) per share, as their inclusion would have been anti-dilutive:


	For the year ended December 31,
	2023	2022	2021
Warrants	324,375	324,375	326,779
Restricted stock units	—	1,255,648	642,094
Convertible notes	—	9,812,955	9,812,955
Series A Preferred Stock	322,654	—	—
Total dilutive shares	647,029	11,392,978	10,781,828

SCHEDULE OF COMPUTATION OF BASIC AND DILUTED INCOME (LOSS) PER SHARE

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


	For the year ended December 31,
(in thousands, except share and per share data)	2023		2022		2021
Basic earnings per share of common stock:
Net income (loss) per share of common stock - basic	$	259,052	$	(694,022)	$	(29,813)
Weighted average shares of common stock - basic	183,855,570		113,467,837		99,337,587
Net income (loss) per share of common stock - basic	$	1.41	$	(6.12)	$	(0.30)

Diluted earnings per share of common stock:
Net income (loss) per share of common stock - basic	$	259,052	$	(694,022)	$	(29,813)
Add: Notes interest expense, net of tax	7,421		—		—
Less: Gain from extinguishment of debt, net of tax	(62,909)		—		—

Net income (loss) per share of common stock - diluted	$	203,564	$	(694,022)	$	(29,813)
Weighted average shares of common stock - basic	183,855,570		113,467,837		99,337,587
Restricted stock units	330,928		—		—
Convertible notes	8,106,779		—		—

Weighted average shares of common stock - diluted	192,293,277		113,467,837		99,337,587
Net income (loss) per share of common stock - diluted	$	1.06	$	(6.12)	$	(0.30)