Net Income (Loss) Per Share

3 Months Ended

Mar. 31, 2021

NET INCOME (LOSS) PER SHAREBasic net income (loss) per share is computed by dividing net income (loss) available to common stockholders by the weighted average number of the Company’s common stock outstanding during the period. Diluted net income (loss) per share

reflects the potential dilution that would occur if securities or other contracts to issue common stock were exercised or converted into common stock.

For the three months ended March 31, 2021 and 2020, there were 112,610 and 1,712,033 common stock equivalents, respectively, related to equity-based awards were not included in the diluted earnings per share calculation as the shares would be antidilutive.


	Three months ended March 31,
In thousands except per share amounts		2021		2020



Net income (loss) available to common stockholders		$	2,060	$	(11,900)

Weighted average shares:
Basic		241,397		240,255
Effect of stock-based compensation plans		3,123		—
Diluted		244,520		240,255

Income (loss) per share:


Basic		$	0.01	$	(0.05)




Diluted(1)		$	0.01	$	(0.05)

On April 23, 2020 the Company entered into an ATM Equity Offering Sales Agreement (the “Sales Agreement”) with BofA Securities, Inc. and RBC Capital Markets, LLC as sales agents (the “Sales Agents”) and filed a prospectus supplement for the sale of its common stock, par value $0.01 per share, by way of an “at the market” offering having an aggregate offering price of up to $100,000,000 (the “ATM Program”). Sales under the ATM Program, if any, will be made pursuant to the terms of the Sales Agreement. At March 31, 2021, the Company had not elected to sell any shares of its common stock under the ATM Program.