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Net Income (Loss) Per Share
 3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share

Note 15. Net Income (Loss) Per Share

Basic weighted-average shares outstanding excludes nonvested restricted stock. Diluted weighted average shares outstanding is similar to basic weighted-average shares outstanding, except that the weighted-average number of shares is increased to include the number of additional common shares that would have been outstanding if the potentially dilutive common share had been issued, including the dilutive impact of nonvested restricted stock. The Company did not have any potentially dilutive securities during the three months ended March 31, 2021. Basic and diluted net income (loss) per share was calculated as follows:



 

Three Months
Ended
March 31, 2022

 

 

Three Months
Ended
March 31, 2021

 

Basic net income (loss) per share

 

$

0.09

 

 

$

(0.15

)

Diluted net income (loss) per share

 

$

0.09

 

 

$

(0.15

)

Numerator:

 



 





 

Net income (loss) (in thousands)

 

$

13,013

 

 

$

(19,389

)

Denominator:

 



 





 

Weighted average number of shares outstanding - basic

 

 

150,538,700

 



 

130,000,000

 

Add stock options to purchase shares and restricted stock units

 

 

1,810,106

 

 

 

—

 

Weighted average number of shares outstanding - diluted

 

 

152,348,806

 

 

 

130,000,000