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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Summary of Computation of Earnings Per Share

The following table summarizes our net income or loss and the number of common shares used in the computation of basic and diluted income or 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 Three Months Ended

 

 

For the Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

(Amounts in thousands, except per share amounts)

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income attributable to common stockholders

 

$

(7,819

)

 

$

(47,538

)

 

$

2,046

 

 

$

(45,809

)

Earnings allocated to unvested participating securities

 

 

(7

)

 

 

(10

)

 

 

(14

)

 

 

(30

)

Numerator for (loss) income per common share -
    basic and diluted

 

$

(7,826

)

 

$

(47,548

)

 

$

2,032

 

 

$

(45,839

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic (loss) income per common share -
    weighted average shares

 

 

217,205

 

 

 

217,004

 

 

 

217,155

 

 

 

216,785

 

Effect of dilutive stock-based compensation plans (1)

 

 

-

 

 

 

-

 

 

 

54

 

 

 

-

 

Denominator for diluted (loss) income per common share -
    weighted average shares

 

 

217,205

 

 

 

217,004

 

 

 

217,209

 

 

 

216,785

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Loss) income per common share - basic and diluted

 

$

(0.04

)

 

$

(0.22

)

 

$

0.01

 

 

$

(0.21

)

 

(1)
The effect of dilutive securities excludes 22,168 and 17,517 weighted average share equivalents for the three months ended June 30, 2024 and 2023, respectively, and 22,058 and 17,427 weighted average share equivalents for the six months ended June 30, 2024 and 2023, respectively, as their effect was anti-dilutive.