Income (Loss) per Share (Tables)

3 Months Ended

Mar. 31, 2022

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

The following table sets forth the computation of basic and diluted income (loss) per share (in thousands, except per share amounts):


	Three Months Ended March 31,
		2022		2021
Net loss		$	(137,051)	$	(62,227)
Less: Undistributed income allocated to participating securities		—		—
Net loss attributable to common stockholders		(137,051)		(62,227)
Plus: Net income effect of convertible securities		—		—
Numerator for diluted loss per common share		$	(137,051)	$	(62,227)

Basic weighted-average common stock shares outstanding		59,413		54,280
Plus: dilutive effects of common stock equivalents (1)		—		—
Diluted weighted-average common stock shares outstanding		59,413		54,280

Basic loss per common share		$	(2.31)	$	(1.15)
Diluted loss per common share		$	(2.31)	$	(1.15)

Diluted income (loss) per common share excludes the following equity instruments because their effect would be anti-dilutive:
Shares of unvested restricted stock		942		674
Shares of stock options		2,405		2,086
Common stock equivalents using the if-converted method of settling the 5.00% Convertible Senior Notes (2)		—		2,704

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(1)Entities with a net loss from continuing operations are prohibited from including potential common shares in the computation of diluted per share amounts. We have utilized the basic shares outstanding to calculate both basic and diluted Net Loss per common share for the three months ended March 31, 2022 and 2021.

(2)We had no 5.00% Convertible Senior Notes outstanding for the three months ended March 31, 2022.