Earnings (loss) per common share (Tables)

6 Months Ended

Jun. 30, 2022

Summary of computation of basic and diluted earnings (loss) per common share

The following table sets forth the computation of basic and diluted earnings (loss) per common share (each adjusted to account for the 50-for-1 reverse stock split) for the periods presented (in thousands, except per share amounts):

	Three Months Ended June 30,					Six Months Ended June 30,
	2022		2021			2022		2021
Numerator:
Net income (loss)	$	112,281	$	(42,652	)	$	63,260	$	(82,035	)
Denominator:
Weighted average common shares for basic loss per common share		8,750		7,881			8,682		7,416
Effect of dilutive securities		309		—			289		—
Weighted average common shares for diluted loss per common share		9,059		7,881			8,971		7,416
Earnings (loss) per common share, basic	$	12.83	$	(5.41	)	$	7.29	$	(11.06	)
Earnings (loss) per common share, diluted	$	12.39	$	(5.41	)	$	7.05	$	(11.06	)

Schedule of antidilutive securities excluded from computation of earnings per share

The following table sets forth the outstanding securities as of the periods presented which were not included in the calculation of diluted earnings per common share during the respective three and six months ended June 30, 2022 and 2021 (in thousands):

	As of June 30,
	2022		2021
Stock options		257		470
RSUs		—		128
PSUs		155		48
Warrants		101		103
		513		749