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Net Income (Loss) Per Share
 6 Months Ended
Jun. 30, 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 six months ended June 30, 2022. Basic and diluted net income (loss) per share was calculated as follows:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 



 

2022

 

 

2021

 

 

2022

 

 

2021

 

Basic net income (loss) per share

 

$

0.09

 

 

$

0.03

 

 

$

0.18

 

 

$

(0.12

)

Diluted net income (loss) per share

 

$

0.09

 

 

$

0.03

 

 

$

0.18

 

 

$

(0.12

)

Numerator:

 



 





 

 



 





 

Net income (loss) (in thousands)

 

$

14,236

 

 

$

3,770

 

 

$

27,249

 

 

$

(15,619

)

Denominator:

 



 





 

 



 





 

Weighted average number of shares outstanding - basic

 

 

150,748,211

 



 

131,507,005

 

 

 

150,644,034

 



 

130,757,666

 

Add stock options to purchase shares and restricted stock units

 

 

1,612,139

 

 

 

3,861,904

 

 

 

1,717,754

 

 

 

—

 

Weighted average number of shares outstanding - diluted

 

 

152,360,350

 

 

 

135,368,909

 

 

 

152,361,788

 

 

 

130,757,666

 

For the three and six months ended June 30, 2022, 2,533,594 and 2,292,520 stock options were excluded from the calculation of diluted net income (loss) per share, respectively, because their effects were anti-dilutive.