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Net Loss Per Common Share (Tables) | 9 Months Ended
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Sep. 30, 2022
Earnings Per Share [Abstract] |
Basic Net Loss Per Common Share | 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, 2022 and 2021 (in thousands, except share and per share amounts):
| Three Months Ended September 30, |  | Nine Months Ended September 30, |  |
| 2022 |  | 2021 |  | 2022 |  | 2021 |  |  |  |
Net loss | $ | (8,426) |  |  | $ | (2,339) |  |  | $ | (29,783) |  |  | $ | (12,500) |  |  |  |  |
Adjustments to reconcile to net loss available to common stockholders |  |  |  |  |  |  |  |  |  |  |
Accumulated dividend on Series B Preferred Stock | 1,670 |  |  | 1,574 |  |  | 4,884 |  | 3,613 |  |  |  |
Accretion of increasing-rate dividend feature | — |  |  | — |  |  | — |  |  | 926 |  |  |  |
Total adjustments | 1,670 |  |  | 1,574 |  |  | 4,884 |  |  | 4,539 |  |  |  |  |
Net loss available to common stockholders | $ | (10,096) |  |  | $ | (3,913) |  |  | $ | (34,667) |  |  | $ | (17,039) |  |  |  |  |
Weighted average common shares outstanding | 113,448,251 |  |  | 110,717,073 |  |  | 112,650,713 |  | 110,136,517 |  |  |  |
Basic net loss per common share | $ | (0.09) |  |  | $ | (0.04) |  |  | $ | (0.31) |  |  | $ | (0.15) |  |  |  |  |
Diluted Net Loss Per Common Share | 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, |  |
| 2022 |  | 2021 |  | 2022 |  | 2021 |  |  |  |
Net loss available to common stockholders | $ | (10,096) |  |  | $ | (3,913) |  |  | $ | (34,667) |  |  | $ | (17,039) |  |  |  |  |
Adjustments: |  |  |  |  |  |  |  |  |  |  |
Dividends on Series B Convertible Preferred Stock | 1,670 |  |  | 1,574 |  |  | 4,884 |  |  | 4,539 |  |  |  |  |
Less: antidilutive adjustments | (1,670) |  |  | (1,574) |  |  | (4,884) |  |  | (4,539) |  |  |  |  |
Total adjustments | — |  |  | — |  |  | — |  |  | — |  |  |  |  |
Numerator | $ | (10,096) |  |  | $ | (3,913) |  |  | $ | (34,667) |  |  | $ | (17,039) |  |  |  |  |
Weighted average shares outstanding | 113,448,251 |  |  | 110,717,073 |  |  | 112,650,713 |  |  | 110,136,517 |  |  |  |  |
Adjustments |  |  |  |  |  |  |  |  |  |  |
Potential common shares | 29,269,481 |  |  | 30,658,193 |  |  | 28,858,049 |  |  | 30,185,813 |  |  |  |  |
Less: antidilutive potential common shares (a) | (29,269,481) |  |  | (30,658,193) |  |  | (28,858,049) |  |  | (30,185,813) |  |  |  |  |
Total adjustments | — |  |  | — |  |  | — |  |  | — |  |  |  |  |
Weighted average shares outstanding adjusted for potential common shares | 113,448,251 |  |  | 110,717,073 |  |  | 112,650,713 |  |  | 110,136,517 |  |  |  |  |
Diluted net loss per common share | $ | (0.09) |  |  | $ | (0.04) |  |  | $ | (0.31) |  |  | $ | (0.15) |  |  |  |  |
(a) Weighted average common shares outstanding for the calculation of diluted net loss per common share does not include the following adjustments for potential common shares below because their effects were determined to be antidilutive for the periods presented.
| Three Months Ended September 30, |  | Nine Months Ended September 30, |  |
| 2022 |  | 2021 |  | 2022 |  | 2021 |  |  |  |
Series B Convertible Preferred Stock | 28,685,739 |  |  | 27,027,252 |  |  | 27,850,916 |  |  | 26,497,570 |  |  |  |  |
Restricted stock unit awards | 474,355 |  |  | 1,840,483 |  |  | 574,507 |  |  | 1,500,674 |  |  |  |  |
Restricted stock awards | 22,327 |  |  | 974,687 |  |  | 293,778 |  |  | 1,287,635 |  |  |  |  |
Outstanding stock options | 22,528 |  |  | 805,437 |  |  | 97,190 |  |  | 875,714 |  |  |  |  |
Performance stock unit awards | 59,996 |  |  | 10,334 |  |  | 40,141 |  |  | 24,220 |  |  |  |  |
Employee Stock Purchase Plan | 4,536 |  |  | — |  |  | 1,517 |  |  | — |  |  |  |  |
Potential common shares | 29,269,481 |  |  | 30,658,193 |  |  | 28,858,049 |  |  | 30,185,813 |  |  |  |  |
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share |
| Three Months Ended September 30, |  | Nine Months Ended September 30, |  |
| 2022 |  | 2021 |  | 2022 |  | 2021 |  |  |  |
Series B Convertible Preferred Stock | 28,685,739 |  |  | 27,027,252 |  |  | 27,850,916 |  |  | 26,497,570 |  |  |  |  |
Restricted stock unit awards | 474,355 |  |  | 1,840,483 |  |  | 574,507 |  |  | 1,500,674 |  |  |  |  |
Restricted stock awards | 22,327 |  |  | 974,687 |  |  | 293,778 |  |  | 1,287,635 |  |  |  |  |
Outstanding stock options | 22,528 |  |  | 805,437 |  |  | 97,190 |  |  | 875,714 |  |  |  |  |
Performance stock unit awards | 59,996 |  |  | 10,334 |  |  | 40,141 |  |  | 24,220 |  |  |  |  |
Employee Stock Purchase Plan | 4,536 |  |  | — |  |  | 1,517 |  |  | — |  |  |  |  |
Potential common shares | 29,269,481 |  |  | 30,658,193 |  |  | 28,858,049 |  |  | 30,185,813 |  |  |  |  |

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