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Earnings Per Common Share | 3 Months Ended
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Mar. 31, 2024
Earnings Per Share [Abstract] |
Earnings Per Common Share | 12. Earnings per Common Share The following tables summarize the components of the basic and diluted EPS computations (in thousands, except per share amounts):
|  | Three Months Ended March 31, |
|  | 2024 |  |  | 2023 |
EPS — basic: |  |  |  |  |  |
Net income (loss) (numerator) |  | $ | 10,630 |  |  | $ | (9,795 | )
Weighted average common shares (denominator) |  |  | 270,356 |  |  |  | 263,969 |
Net income (loss) per share |  | $ | 0.04 |  |  | $ | (0.04 | )
EPS — diluted: |  |  |  |  |  |
Net income (loss) — basic |  | $ | 10,630 |  |  | $ | (9,795 | )
Effect of interest and amortization expense on convertible notes |  |  | 1,856 |  |  |  | — |
Adjusted net income (loss) (numerator) |  | $ | 12,486 |  |  | $ | (9,795 | )
Weighted average common shares |  |  | 270,356 |  |  |  | 263,969 |
Effect of dilutive securities — common shares issuable |  |  | 54,377 |  |  |  | — |
Adjusted weighted average common shares (denominator) |  |  | 324,733 |  |  |  | 263,969 |
Net income (loss) per share |  | $ | 0.04 |  |  | $ | (0.04 | )
For the three months ended March 31, 2024, diluted net income per share excluded the weighted average effect of 5.4 million RSUs and Market RSUs and 2.1 million options and PNQs as they were antidilutive. Common shares issuable represents incremental shares of common stock which consist of RSUs, stock options, warrants, and shares that could be issued upon conversion of the Senior convertible notes and the Mann Group convertible notes. Potentially dilutive securities outstanding which were considered antidilutive are summarized as follows (in shares):
|  | Three Months Ended March 31, |
|  | 2023 |
Senior convertible notes |  |  | 44,120,463 |
RSUs and Market RSUs(1) |  |  | 15,468,000 |
Common stock options and PNQs |  |  | 8,943,899 |
Mann Group convertible notes |  |  | 3,370,000 |
Total shares |  |  | 71,902,362 |
__________________________ (1) Market RSUs issued in 2020, 2021 and 2022 are included at the share delivery of 300%, 0% and 210%, respectively, in accordance with a valuation assessment obtained as of March 31, 2023.

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