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Note 22 - Loss Per Share
 12 Months Ended
Dec. 31, 2021
Notes to Financial Statements  
Earnings Per Share [Text Block]

22.         Loss per share

 

Basic income (loss) per share attributable to Company stockholders is calculated by dividing net income (loss) attributable to the Company by the weighted-average number of common shares outstanding for the period. Diluted income (loss) per share attributable to Company stockholders is computed giving effect to all potential dilutive common stock, unless there is a net loss for the period. We apply the treasury stock method to determine the dilutive weighted average common shares represented by unvested restricted stock units and ESPP shares.

 

The calculation of basic and diluted loss per share attributable to the Company stockholder for years ended  December 31, 2021, 2020 and 2019 respectively, are as follows (in thousands, except shares outstanding and per share amounts):

 

  

Year Ended December 31,

 
  

2021

  

2020

  

2019

 

Net loss

 $(131,891) $(307,045) $(64,761)

Basic and diluted weighted average number of shares outstanding

  80,525,694   70,889,753   70,889,753 

Total basic and diluted loss per share

 $(1.64) $(4.33) $(0.91)

 

Approximately 651,736 shares of unvested restricted stock units and stock to be issued pursuant to the ESPP have been excluded from the computation of diluted loss per share as the effect would be anti-dilutive for the year ended December 31, 2021.

 

Additionally, since the conditions upon which shares were issuable for outstanding warrants and stock options were not satisfied as of December 31, 2020 and 2019, assuming the respective balance sheet date was at the end of the contingency period, they had not been included in determining the number of anti-dilutive shares.