Net Income (Loss) Per Common Share

3 Months Ended

Mar. 31, 2022

NOTE 10. Net Income (Loss) Per Common Share

Basic net income (loss) per common share (“EPS”) is computed based upon the weighted average number of common shares outstanding. Diluted net income (loss) per common share is computed based upon the weighted average number of common shares outstanding plus the impact of common shares issuable from the assumed conversion of stock options, certain performance restricted stock units, and unvested restricted stock units. Only those instruments having a dilutive impact on basic loss per share are included in diluted loss per share during the periods presented.

The following table illustrates the computation of basic and diluted EPS (in thousands, except per share amounts):


	Three Months Ended March 31,
	2022		2021
Numerator
Income (loss) from continuing operations	$	726	$	(13,736	)
Noncontrolling interests’ share in (earnings) loss from continuing operations		75		73
Net income (loss) attributable to common stockholders before discontinued operations		801		(13,663	)
Income (loss) from discontinued operations		429		(1,415	)
Net income (loss) attributable to common stockholders	$	1,230	$	(15,078	)
Denominator
Weighted average shares outstanding – basic		401,964		325,659
Weighted average shares outstanding – diluted		424,065		325,659
Net income (loss) per share attributable to common stockholders
Net income (loss) per common share from continuing operations, basic and diluted	$	—	$	(0.04	)
Net income (loss) per common share from discontinued operations, basic and diluted	$	—	$	(0.01	)

Basic net income (loss) per share is the same as diluted net income (loss) per share for the three months ended March 31, 2021, as the inclusion of all potential common shares outstanding would have been antidilutive. The following table provides the weighted-average potential shares of common stock that were excluded from the calculation of diluted net income (loss) per share attributable to common stockholders because their effect would have been anti-dilutive (in thousands):


	Three Months Ended March 31,
	2022		2021
Stock options - service only condition		1,503		23,582
Equity awards - market and/or performance condition		909		17,830
Restricted stock units		89		110