Net Income (Loss) per Share

3 Months Ended

Mar. 31, 2022

Basic and diluted net income (loss) per share attributable to common stockholders was calculated as follows:


	Three months ended March 31,
	2022		2021

Basic net income (loss) per share:
Numerator:
Net income (loss)	$	6,199	$	(15,561)
Denominator:
Weighted average commons shares outstanding — basic	48,606,055		41,619,362
Net income (loss) per share — basic	$	0.13	$	(0.37)
Diluted net income (loss) per share:
Numerator:
Net income (loss) - basic	$	6,199	$	(15,561)
Interest expense on convertible note payable	122		—
Net income (loss) - diluted	$	6,321	$	(15,561)
Denominator:
Weighted average commons shares outstanding — basic	48,606,055		41,619,362
Shares issuable upon conversion of convertible notes, as if converted	832,677		—
Dilutive effect of restricted stock units	230		—
Dilutive effect of common stock equivalents	377,822		—
Weighted average common shares outstanding - diluted	49,816,784		41,619,362
Net income (loss) per share — diluted	$	0.13	$	(0.37)

Stock options for the purchase of 7,193,835 weighted average shares were excluded from the computation of diluted net income per share attributable to common stockholders for the three months ended March 31, 2022 because those options had an anti-dilutive impact due to the assumed proceeds per share using the treasury stock method being greater than the average fair value of the Company’s common shares for those periods.