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Earnings Per Common Share ("EPS") (Tables)
6 Months Ended
Jun. 30, 2022
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):

 

 

 

Three Months Ended

June 30,

 

 

Six Months Ended

June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

EPS — basic and diluted:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss (numerator)

 

$

(29,023

)

 

$

(35,523

)

 

$

(55,021

)

 

$

(48,439

)

Weighted average common shares (denominator)

 

 

253,644

 

 

 

249,295

 

 

 

252,775

 

 

 

247,970

 

Net loss per share

 

$

(0.11

)

 

$

(0.14

)

 

$

(0.22

)

 

$

(0.20

)

Potential Dilutive Securities Outstanding that are Considered Antidilutive

Potentially dilutive securities outstanding that are considered antidilutive are summarized as follows (in shares):

 

 

 

Six Months Ended

June 30,

 

 

 

2022

 

 

2021

 

Senior convertible notes

 

 

44,120,463

 

 

 

44,120,463

 

Mann Group convertible notes

 

 

3,370,000

 

 

 

7,370,000

 

Common stock options and PNQs

 

 

9,766,028

 

 

 

11,092,080

 

RSUs and Market RSUs (1)

 

 

15,848,183

 

 

 

7,986,898

 

Employee stock purchase plan

 

 

235,794

 

 

 

250,000

 

Warrants associated with MidCap credit facility

 

 

 

 

 

1,283,467

 

Total shares

 

 

73,340,468

 

 

 

72,102,908

 

__________________________

(1)

Market RSUs issued in 2020, 2021 and 2022 are included at the maximum share delivery of 300%, 0% and 200%, respectively, in accordance with a valuation assessment obtained as of June 30, 2022.