EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2024

Schedule of Reconciliation of Basic and Diluted Income (Loss) Per Share

The following is a reconciliation of the numerator and denominator for basic and diluted income (loss) per share for the three months ended June 30, 2024 and 2023 (in thousands, except per share amounts):


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Basic income (loss) per Share
Numerator:
Net loss attributable to shareholders from continuing operations	$	(53,773)	$	(84,741)	$	(71,507)	$	(81,218)
Net income attributable to shareholders from discontinued operations, net of tax	—		3,340		—		53,680
Net loss attributable to common shareholders	$	(53,773)	$	(81,401)	$	(71,507)	$	(27,538)
Denominator:
Weighted-average common shares outstanding	93,514		79,519		93,514		77,615
Basic income (loss) per common shares
Continuing operations	$	(0.58)	$	(1.07)	$	(0.76)	$	(1.05)
Discontinued operations, net of tax	—		0.03		—		0.69
Basic loss per share	$	(0.58)	$	(1.04)	$	(0.76)	$	(0.36)

Diluted Income (Loss) per Share
Numerator:
Net income (loss) attributable to shareholders from continuing operations	$	(53,773)	$	(84,741)	$	(71,507)	$	(81,218)


Net income available to shareholders from discontinued operations, net of tax	—		3,340		—		53,680
Net income (loss) available to common shareholders	$	(53,773)	$	(81,401)	$	(71,507)	$	(27,538)
Denominator:
Weighted-average shares outstanding	93,514		79,519		93,514		77,615
Effect of dilutive securities*


Diluted weighted-average shares outstanding	93,514		79,519		93,514		77,615
Diluted income (loss) per common shares
Continuing operations	$	(0.58)	$	(1.07)	$	(0.76)	$	(1.05)
Discontinued operations, net of tax	—		0.03		—		0.69
Diluted income (loss) per share	$	(0.58)	$	(1.04)	$	(0.76)	$	(0.36)

*Excludes 4.6 million shares of common stock for the period ended June 30, 2024, of which 4.3 million shares may be issued upon exercise of warrants and 0.3 million shares may be issued upon exercise of options. Also, excludes 3.6 million shares of common stock for the periods ended June 30, 2024 and 2023, which may be issued upon conversion of the Convertible Senior Notes, based on the initial maximum conversion rate of 233.6449 shares of the Company’s common stock per $1,000 principal amount of Convertible Senior Notes. These were excluded due to their anti-dilutive effect.