Earnings Per Share

9 Months Ended

Jun. 30, 2023

EARNINGS PER SHAREThe following table presents the computation of basic and diluted earnings per share for the nine months ended

June 30, 2023 and 2022.


	Three Months Ended June 30,				Nine Months Ended June 30,
	2023		2022		2023		2022
	(in thousands, except per share amounts)
Numerator:
Net loss	$	(102,946)	$	(72,046)	$	(95,596)	$	(90,552)

Denominator:
Weighted-average basic shares outstanding	107,004		105,753		106,597		105,273
Effect of dilutive securities	—		—		—		—
Weighted-average diluted shares outstanding	107,004		105,753		106,597		105,273

Basic earnings per share	$	(0.96)	$	(0.68)	$	(0.90)	$	(0.86)
Diluted earnings per share	$	(0.96)	$	(0.68)	$	(0.90)	$	(0.86)

Potentially dilutive securities representing approximately 3,467,000 and 4,024,000 shares of common stock were excluded from the computation of diluted earnings per share for the three and nine months ended June 30, 2023, respectively, because their effect would have been anti-dilutive.