Loss Per Share

9 Months Ended

Sep. 30, 2021

The table below summarizes the Company's basic and diluted loss per share calculations (in thousands, except share and per share amounts):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Net loss	$	(23,213)	$	(32,278)	$	(41,328)	$	(117,608)

Weighted average shares outstanding
Basic	60,114,358		50,160,080		59,989,457		23,059,068
Diluted	60,114,358		50,160,080		59,989,457		23,059,068

Basic loss per common share	$	(0.39)	$	(0.64)	$	(0.69)	$	(5.10)
Diluted loss per common share	$	(0.39)	$	(0.64)	$	(0.69)	$	(5.10)

Basic and diluted net loss per share is computed by dividing the net loss for the period by the weighted average number of common shares outstanding during the period. Loss per share amounts in the 2020 period exclude the common share effects from certain of Seller's debt instruments, which are reflected in the 2021 period.

Due to the Company's net loss during the three and nine months ended September 30, 2021 and 2020, there was no dilutive effect of common stock equivalents because the effects of such would have been anti-dilutive. The following table summarizes the shares excluded from the weighted average number of common shares outstanding, as the impact would be anti-dilutive (in thousands):


	September 30,
	2021	2020
Warrants	56,595	37,500
Restricted stock units	1,190	149
Total	57,785	37,649