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Earnings Per Common Share ("EPS") (Tables)
 9 Months Ended
Sep. 30, 2023
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 September 30,

 

 

Nine Months
Ended September 30,

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

EPS — basic and diluted:

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) (numerator)

 

$

1,721

 

 

$

(14,432

)

$

(13,339

)

 

$

(69,453

)

Weighted average common shares (denominator)

 

 

268,732

 

 

 

259,300

 

 

266,126

 

 

 

254,974

 

Net income (loss) per share

 

$

0.01

 

 

$

(0.06

)

$

(0.05

)

 

$

(0.27

)

EPS — diluted:

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) (numerator)

 

$

3,578

 

 

$

(14,432

)

$

(13,339

)

 

$

(69,453

)

Weighted average common shares

 

 

268,732

 

 

 

259,300

 

 

 

266,126

 

 

 

254,974

 

Effect of dilutive securities — common shares issuable

 

 

55,038

 

 

 

—

 

 

—

 

 

 

—

 

Adjusted weighted average common shares (denominator)

 

 

323,770

 

 

 

259,300

 

 

266,126

 

 

 

254,974

 

Net income (loss) per share

 

$

0.01

 

 

$

(0.06

)

$

(0.05

)

 

$

(0.27

)

For the three months ended September 30, 2023, diluted net income per share excluded the weighted average effect of 9.4 million shares of RSUs and Market RSUs and 2.0 million options and PNQs as they were antidilutive. For the nine months ended September 30, 2023, diluted net loss per share excluded the weighted average effect of 7.7 million shares of RSUs and Market RSUs, 12.1 million options and PNQs, and 3.4 million and 44.1 million shares for the conversion of our Mann Group convertible notes and Senior convertible notes, respectively, as the shares were antidilutive due to our net loss.