Net Income Per Share (Tables)

3 Months Ended

Mar. 31, 2023

Reconciliation of Common Shares Used for Basic and Diluted Earnings Per Share

The following table provides a reconciliation of the weighted average shares denominator used for basic net income per share to the denominator used for diluted net income per share:



Three Months Ended March 31,	2023	2022
Basic weighted average shares outstanding denominator	45,564,276	46,731,459
Effect of potential dilutive shares :

Warrants	—	—
Restricted stock units	—	82,066
Performance stock units (1)	—	546,206
Diluted weighted average shares outstanding denominator	45,564,276	47,359,731
Anti-dilutive shares excluded from the above reconciliation:

Warrants	4,876,114	4,877,617
Restricted stock units	555,354	253,828
Performance stock units (1)	601,033	—

(1) Performance stock units are reflected based on the performance metrics through the balance sheet date. Vesting of these units is contingent upon meeting certain performance metrics. Although a portion of these performance metrics have been achieved as of the respective period end, it is possible that awards may no longer meet the metric at the end of the performance period.

Schedule of Earnings Per Share, Basic and Diluted

The following table provides a reconciliation of net income attributable to common stockholders to the numerator in the basic and diluted earnings per share calculation, together with the resulting earnings per share amounts:



Three Months Ended March 31,	2023		2022
Net income (loss) attributable to common stockholders	$	(33)	$	2
Adjustment to redemption value (ASC 480)	—		—
Numerator of basic and diluted EPS	$	(33)	$	2
Per Share:
Basic	$	(0.73)	$	0.04
Diluted	$	(0.73)	$	0.04