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Earnings Per Share
12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Earnings Per Share

18. Earnings Per Share

 

 

The following table summarizes our net loss and the number of common shares used in the computation of basic and diluted loss per common share, which includes the weighted average number of common shares outstanding and the effect of dilutive potential common shares, if any.

 

 

 

For the Year Ended December 31,

 

(Amounts in thousands, except per share amounts)

 

2023

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

 

 

 

Net loss attributable to common stockholders

 

$

(259,744

)

 

$

(36,403

)

 

$

(20,354

)

Earnings allocated to unvested participating securities

 

 

(50

)

 

 

(85

)

 

 

(70

)

Numerator for net loss per common share - basic and diluted

 

 

(259,794

)

 

 

(36,488

)

 

 

(20,424

)

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Denominator for basic loss per common share -
   weighted average shares

 

 

216,922

 

 

 

221,310

 

 

 

218,701

 

Effect of dilutive stock-based compensation plans (1)

 

 

-

 

 

 

-

 

 

 

-

 

Denominator for diluted loss per common share -
    weighted average shares

 

 

216,922

 

 

 

221,310

 

 

 

218,701

 

 

 

 

 

 

 

 

 

 

 

Loss per common share - basic and diluted

 

$

(1.20

)

 

$

(0.16

)

 

$

(0.09

)

 

 

(1)
The effect of dilutive securities for the years ended December 31, 2023, 2022 and 2021 excludes 18,749, 20,064 and 23,775 weighted average share equivalents, respectively, as their effect was anti-dilutive.