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Earnings Per Share
9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Earnings Per Share
19.
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 Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

(Amounts in thousands, except per share amounts)

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss attributable to common stockholders

 

$

(9,688

)

 

$

(8,385

)

 

$

(7,642

)

 

$

(54,194

)

Earnings allocated to unvested participating securities

 

 

-

 

 

 

(10

)

 

 

(14

)

 

 

(40

)

Numerator for loss per common share -
    basic and diluted

 

$

(9,688

)

 

$

(8,395

)

 

$

(7,656

)

 

$

(54,234

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic loss per common share -
    weighted average shares

 

 

217,315

 

 

 

217,043

 

 

 

217,209

 

 

 

216,872

 

Effect of dilutive stock-based compensation plans (1)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Denominator for diluted loss per common share -
    weighted average shares

 

 

217,315

 

 

 

217,043

 

 

 

217,209

 

 

 

216,872

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss per common share - basic and diluted

 

$

(0.04

)

 

$

(0.04

)

 

$

(0.04

)

 

$

(0.25

)

 

(1)
The effect of dilutive securities excludes 22,105 and 18,470 weighted average share equivalents for the three months ended September 30, 2024 and 2023, respectively, and 22,079 and 17,804 weighted average share equivalents for the nine months ended September 30, 2024 and 2023, respectively, as their effect was anti-dilutive.