Net (Loss) Income Attributable to Common Shareholders

3 Months Ended

Mar. 31, 2023

Net (Loss) Income Attributable to Common Shareholders

Net (Loss) Income Attributable to Common Stockholders

The following table sets forth the calculation of both basic and diluted net income (loss) per share as follows for the periods indicated:


	Three Months Ended March 31,
(in thousands, except share and per share amounts)		2023		2022
Net (loss) income available to common stockholders - basic		$	(22,285)	$	31,455
Less: Income on Private Placement Warrants		—		(52,052)
Net loss available to common stockholders - diluted		$	(22,285)	$	(20,597)

Weighted average common shares outstanding - basic		132,420,762		150,598,105
Effect of dilutive shares:



Private Placement Warrants		—		2,113,593
Weighted average common shares outstanding - diluted		132,420,762		152,711,698

Basic net (loss) income per share:		$	(0.17)	$	0.21
Diluted net (loss) income per share		$	(0.17)	$	(0.13)

For the three months ended March 31, 2023 and 2022, all outstanding shares related to share-based awards and convertible notes were excluded from the calculation of diluted net loss per common share because their effect would be antidilutive. For the three months ended March 31, 2023, Private Placement Warrants were excluded from the calculation of diluted net loss per common share because their effect would be antidilutive.