Net Income Per Share (Tables)

6 Months Ended

Jun. 30, 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 June 30,		Six Months Ended June 30,
	2023	2022	2023	2022
Basic weighted average shares outstanding denominator	45,757,234	45,519,093	45,661,288	46,121,927
Effect of potential dilutive shares :

Warrants	—	—	—	—
Restricted stock units	—	82,128	—	81,411
Performance stock units (1)	—	84,128	—	107,349
Diluted weighted average shares outstanding denominator	45,757,234	45,685,349	45,661,288	46,310,687
Anti-dilutive shares excluded from the above reconciliation:

Warrants	—	4,877,617	—	4,877,617
Restricted stock units	556,602	471,697	555,981	388,326
Performance stock units (1)	667,365	472,592	667,365	429,243

(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 June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Net income (loss) attributable to common stockholders	$	(13)	$	5	$	(47)	7
Adjustment to redemption value (ASC 480)	—		—		—		—
Numerator of basic and diluted EPS	$	(13)	$	5	$	(47)	7
Per Share:
Basic	$	(0.29)	$	0.11	$	(1.02)	$	0.15
Diluted	$	(0.29)	$	0.11	$	(1.02)	$	0.15