Net Income (Loss) Per Share

12 Months Ended

Dec. 31, 2021

NET INCOME (LOSS) PER SHARE

Basic 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 years ended December 31, 2021, 2020 and 2019, there were 634,419, 389,629 and 1,137,726 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.


	Year ended December 31,
In thousands except per share amounts		2021		2020		2019
Net income (loss) available to common stockholders
Income (loss) from continuing operations		$	(31,322)	$	25,627	$	(346,896)
Income (loss) from discontinued operations		—		—		5,693
		$	(31,322)	$	25,627	$	(341,203)

Weighted average shares:
Basic		250,044		240,803		218,812
Effect of stock-based compensation plans		—		1,746		—
Diluted		250,044		242,549		218,812

Income (loss) per share:
Income (loss) from continuing operations		$	(0.13)	$	0.11	$	(1.59)
Income (loss) from discontinued operations		—		—		0.03
Basic		$	(0.13)	$	0.11	$	(1.56)

Diluted income (loss) per share:
Income (loss) from continuing operations		$	(0.13)	$	0.11	$	(1.59)
Income (loss) from discontinued operations		—		—		0.03
Diluted		$	(0.13)	$	0.11	$	(1.56)

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 December 31, 2021, the Company had not sold any shares of its common stock under the ATM Program.