Earnings Per Common Share (Tables)

12 Months Ended

Dec. 31, 2024

Earnings Per Share [Abstract]

Components of Basic and Diluted EPS Computations

The following tables summarize the components of the basic and diluted EPS computations (in thousands, except per share amounts):

	Year Ended December 31,
	2024		2023			2022
EPS – basic:
Net income (loss) (numerator)	$	27,588	$	(11,938	)	$	(87,400	)
Weighted average common shares (denominator)		274,415		267,014			257,092
Net income (loss) per share	$	0.10	$	(0.04	)	$	(0.34	)
EPS – diluted:
Net income (loss)	$	27,588	$	(11,938	)	$	(87,400	)
Weighted average common shares		274,415		267,014			257,092
Effect of dilutive securities – common shares issuable		9,429		—			—
Adjusted weighted average common shares (denominator)		283,844		267,014			257,092
Net income (loss) per share	$	0.10	$	(0.04	)	$	(0.34	)

Potential Dilutive Securities Outstanding that are Considered Antidilutive

Potentially dilutive securities outstanding which were considered antidilutive due to net losses are summarized as follows (in shares):

	Year Ended December 31,
	2023		2022
Senior convertible notes		44,120,463		44,120,463
RSUs and Market RSUs(1)		7,855,144		18,886,710
Common stock options and PNQs		8,400,611		9,074,587
Mann Group convertible notes		3,370,000		3,370,000
Total shares		63,746,218		75,451,760

_________________________

(1) Market RSUs issued in 2022 and 2023 are included at the share delivery of 140% and 0%, respectively, in accordance with a valuation assessment obtained as of December 31, 2023.