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Net Loss Per Common Share (Tables) | 9 Months Ended
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Sep. 30, 2021
Earnings Per Share [Abstract] |
Schedule of Earnings Per Share, Basic | The following table provides a reconciliation of net loss to net loss available to common stockholders and calculation of basic net loss per common share for each of the three and nine months ended September 30, 2021 and 2020 (amounts in thousands, except share and per share amounts):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Net loss | $ | (2,339) |  |  | $ | (19,417) |  |  | $ | (12,500) |  |  | $ | (32,704) |
Adjustments to reconcile to net loss available to common stockholders |  |  |  |  |  |  |
Accumulated dividend on Series B Convertible Preferred Stock | 1,574 |  |  | 997 |  |  | 3,613 |  |  | 997 |
Amortization of beneficial conversion feature | — |  |  | 31,110 |  |  | — |  |  | 31,110 |
Accretion of increasing-rate dividend feature | — |  |  | 458 |  |  | 926 |  |  | 458 |
Total adjustments | 1,574 |  |  | 32,565 |  |  | 4,539 |  |  | 32,565 |
Net loss available to common stockholders | $ | (3,913) |  |  | $ | (51,982) |  |  | $ | (17,039) |  |  | $ | (65,269) |
Weighted average common shares outstanding | 110,717,073 |  |  | 108,493,208 |  |  | 110,136,517 |  |  | 108,222,419 |
Basic net loss per common share | $ | (0.04) |  |  | $ | (0.48) |  |  | $ | (0.15) |  |  | $ | (0.60) |
Schedule of Earnings Per Share, Diluted | The following table sets forth the computation of diluted net loss per common share (in thousands, except share and per share amounts):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Net loss available to common stockholders | $ | (3,913) |  |  | $ | (51,982) |  |  | $ | (17,039) |  |  | $ | (65,269) |
Dividends on Series B Convertible Preferred Stock | 1,574 |  |  | 32,565 |  |  | 4,539 |  |  | 32,565 |
Numerator | $ | (3,913) |  |  | $ | (51,982) |  |  | $ | (17,039) |  |  | $ | (65,269) |
Weighted average shares outstanding | 110,717,073 |  |  | 108,493,208 |  |  | 110,136,517 |  |  | 108,222,419 |
Potential common shares (a) | 30,658,193 |  |  | 28,625,684 |  |  | 30,185,813 |  |  | 11,032,820 |
Weighted average shares outstanding adjusted for potential common shares | 110,717,073 |  |  | 108,493,208 |  |  | 110,136,517 |  |  | 108,222,419 |
Diluted net loss per common share | $ | (0.04) |  |  | $ | (0.48) |  |  | $ | (0.15) |  |  | $ | (0.60) |
(a) Potential common shares reflects hypothetical transactions involving convertible securities and share-based payment awards using the if-converted and treasury stock methods, respectively. The effect of each of these adjustments on the calculation is presented in the table below:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Series B Convertible Preferred Stock | 27,027,252 |  |  | 25,691,700 |  |  | 26,497,570 |  |  | 8,626,410 |
Restricted stock awards | 974,687 |  |  | 1,203,853 |  |  | 1,287,635 |  |  | 1,281,635 |
Restricted stock unit awards | 1,840,483 |  |  | 919,233 |  |  | 1,500,674 |  |  | 359,103 |
Outstanding stock options | 805,437 |  |  | 772,967 |  |  | 875,714 |  |  | 739,937 |
Performance stock unit awards | 10,334 |  |  | 37,931 |  |  | 24,220 |  |  | 25,735 |
Potential common shares | 30,658,193 |  |  | 28,625,684 |  |  | 30,185,813 |  |  | 11,032,820 |
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share | The effect of each of these adjustments on the calculation is presented in the table below:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Series B Convertible Preferred Stock | 27,027,252 |  |  | 25,691,700 |  |  | 26,497,570 |  |  | 8,626,410 |
Restricted stock awards | 974,687 |  |  | 1,203,853 |  |  | 1,287,635 |  |  | 1,281,635 |
Restricted stock unit awards | 1,840,483 |  |  | 919,233 |  |  | 1,500,674 |  |  | 359,103 |
Outstanding stock options | 805,437 |  |  | 772,967 |  |  | 875,714 |  |  | 739,937 |
Performance stock unit awards | 10,334 |  |  | 37,931 |  |  | 24,220 |  |  | 25,735 |
Potential common shares | 30,658,193 |  |  | 28,625,684 |  |  | 30,185,813 |  |  | 11,032,820 |

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