Net Loss Per Share Attributable to Common Stock

3 Months Ended

Mar. 31, 2022

Net Income (loss) per Share Attributable to Common Stock

Note 12. Net income (loss) per share attributable to common stock

The Company grants certain stock options under the Company's 2019 and 2020 Stock Option Plan and these are considered common stock equivalents. For the period ending March 31, 2021, the common stock equivalents were excluded from the calculation of net income (loss) per share due to their anti-dilutive effect. For the period ending March

31, 2022, the common stock equivalents were included to calculate weighted-average diluted shares outstanding. The Company used the treasury stock method.

The following table summarizes the impact of the treasury stock method:


Net income (loss) per shares	Three Months Ended March 31,
(in thousands, except per share amounts)	2022		2021
Numerator
Net income (loss) attributable to common stockholders	$	69,582	$	(13,534	)
Denominator
Weighted-average shares used in compute net income (loss) per share, basic		35,493,272		35,086,662
Effect of dilutive securities (a)		2,642,685		—
Weighted-average shares used to compute net income (loss) per share, diluted		38,135,957		35,086,662
Net income (loss) per share:
Basic	$	1.96	$	(0.39	)
Diluted	$	1.82	$	(0.39	)

The common stock equivalents were excluded for the period ending March 31, 2021, due to their anti-dilutive effect.