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Earnings Per Common Share | 9 Months Ended
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Sep. 30, 2024
Earnings Per Share [Abstract] |
Earnings Per Common Share | 13. 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 September 30, |  |  | Nine Months Ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
EPS — basic: |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) (numerator) |  | $ | 11,550 |  |  | $ | 1,721 |  |  | $ | 20,166 |  |  | $ | (13,339 | )
Weighted average common shares (denominator) |  |  | 274,998 |  |  |  | 268,732 |  |  |  | 272,811 |  |  |  | 266,126 |
Net income (loss) per share |  | $ | 0.04 |  |  | $ | 0.01 |  |  | $ | 0.07 |  |  | $ | (0.05 | )
EPS — diluted: |  |  |  |  |  |  |  |  |  |  |  |
Adjusted net income (loss) (numerator) |  | $ | 11,550 |  |  | $ | 3,578 |  |  | $ | 20,166 |  |  | $ | (13,339 | )
Weighted average common shares |  |  | 274,998 |  |  |  | 268,732 |  |  |  | 272,811 |  |  |  | 266,126 |
Effect of dilutive securities — common shares issuable |  |  | 9,695 |  |  |  | 55,038 |  |  |  | 8,596 |  |  |  | — |
Adjusted weighted average common shares (denominator) |  |  | 284,693 |  |  |  | 323,770 |  |  |  | 281,407 |  |  |  | 266,126 |
Net income (loss) per share |  | $ | 0.04 |  |  | $ | 0.01 |  |  | $ | 0.07 |  |  | $ | (0.05 | )
For the three months ended September 30, 2024, diluted net income per share excluded the weighted average effect of 10.4 million shares of RSUs and Market RSUs, 0.4 million options and PNQs and 44.1 million common shares issuable upon conversion of our Senior convertible notes, as they were antidilutive. For the nine months ended September 30, 2024, diluted net income per share excluded the weighted average effect of 9.1 million RSUs and Market RSUs, 0.7 million options and PNQs and 44.1 million common shares issuable upon conversion of our Senior convertible notes, as they were antidilutive. 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. 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 convert ible notes. Potentially dilutive securities outstanding which were considered antidilutive due to the net losses incurred for the nine months ended September 30, 2023 are summarized as follows (in shares):
| September 30, |
| 2023 |
Senior convertible notes |  | 44,120,463 |
RSUs and Market RSUs(1) |  | 21,151,454 |
Common stock options and PNQs |  | 8,447,339 |
Mann Group convertible notes |  | 3,370,000 |
Total shares |  | 77,089,256 |
__________________________ (1) Market RSUs issued in 2021, 2022 and 2023 are included at the share delivery of 0%, 205% and 219%, respectively, in accordance with a valuation assessment obtained as of September 30, 2023.

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