Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2021

Summary of Computation of Basic and Diluted Net Loss per Share

The following table sets forth the computation of basic and diluted net loss per share:

	Three Months Ended June 30,					Six Months Ended June 30,
	2021		2020			2021		2020
Numerator
Net income (loss)	$	14,117	$	(27	)	$	21,503	$	(38,647	)
Accumulation of dividends on preferred stock		—		(10,446	)		—		(20,891	)
Net income (loss) available to common shareholders	$	14,117	$	(10,473	)	$	21,503	$	(59,538	)
Denominator
Net income (loss) per common share - basic	$	0.25	$	(1.34	)	$	0.38	$	(7.63	)
Net income (loss) per common share - diluted	$	0.24	$	(1.34	)	$	0.37	$	(7.63	)
Weighted average number of shares of common stock - basic		56,940,840		7,805,848			56,916,282		7,798,928
Weighted average number of shares of common stock - diluted		58,592,876		7,805,848			58,635,195		7,798,928

Summary of Antidilutive Securities Excluded from Computation of Earnings Per Share

Securities outstanding that are included in the computation above, utilizing the treasury stock method are as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Stock options, SARs, and RSUs to purchase common stock		1,461,958		—		1,511,899		—
Warrants		190,078		—		207,013		—
Total		1,652,036		—		1,718,912		—

Potential common shares issuable upon conversion of preferred stock, exercise of stock options, and exercise of warrants that are excluded from the computation of diluted weighted-average shares outstanding as well as the warrant fair value adjustments excluded from the numerator are as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Stock options, SARs, and RSUs to purchase common stock		4,731,119		2,413,507		4,681,177		2,413,507
Convertible preferred stock		—		39,141,451		—		39,141,451
Warrants		220,161		410,239		203,226		410,239
Total		4,951,280		41,965,197		4,884,403		41,965,197

Adjustment for warrants	$	—	$	438	$	—	$	1,584