XML 41 R30.htm IDEA: XBRL DOCUMENT
v3.24.3

Net Income Per Common Share (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2024
Earnings Per Share [Abstract] |
Basic Net Income Per Common Share | The following table provides a reconciliation of net income from continuing operations and calculation of basic net income (loss) per common share for each of the three and nine months ended September 30, 2024 and 2023 (in thousands, except share and per share amounts):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Net income from continuing operations | $ | 7,878 |  |  | $ | 8,842 |  |  | $ | 34,560 |  |  | $ | 16,151 |
Income (loss) from discontinued operations, net of tax | 217 |  |  | (308) |  |  | 421 |  |  | (11,400) |
Net income | 8,095 |  |  | 8,534 |  |  | 34,981 |  |  | 4,751 |
Accumulated dividend on previously converted Series B Preferred Stock | — |  |  | 1,773 |  |  | — |  |  | 5,184 |
Net income available to common stockholders from continuing operations | $ | 7,878 |  |  | $ | 7,069 |  |  | $ | 34,560 |  |  | $ | 10,967 |
Weighted average common shares outstanding | 146,958,986 |  |  | 116,298,146 |  |  | 147,008,732 |  |  | 115,528,067 |
Basic net income (loss) per common share: |  |  |  |  |  |  |
Continuing operations | $ | 0.05 |  |  | $ | 0.06 |  |  | $ | 0.24 |  |  | $ | 0.09 |
Discontinued operations | 0.00 |  |  | (0.00) |  |  | 0.00 |  |  | (0.09) |
Basic net income per common share | $ | 0.05 |  |  | $ | 0.06 |  |  | $ | 0.24 |  |  | $ | 0.00 |
Diluted Net Income Per Common Share | The following table sets forth the computation of diluted net income per common share (in thousands, except share and per share amounts):
| Three Months Ended September 30, |  | Nine Months Ended September 30, |  |
| 2024 |  | 2023 |  | 2024 |  | 2023 |  |  |  |
Net income available to common stockholders from continuing operations | $ | 7,878 |  |  | $ | 7,069 |  |  | $ | 34,560 |  |  | $ | 10,967 |  |  |  |  |
Adjustments: |  |  |  |  |  |  |  |  |  |  |
Dividends on Series B Preferred Stock | — |  |  | 1,773 |  |  | — |  |  | 5,184 |  |  |  |  |
Less: antidilutive adjustments | — |  |  | — |  |  | — |  |  | (5,184) |  |  |  |  |
Total adjustments | — |  |  | 1,773 |  |  | — |  |  | — |  |  |  |  |
Numerator |  |  |  |  |  |  |  |  |  |  |
Net income available to common stockholders from continuing operations | 7,878 |  |  | 8,842 |  |  | 34,560 |  |  | 10,967 |  |  |  |  |
Income (loss) from discontinued operations, net of tax | 217 |  |  | (308) |  |  | 421 |  |  | (11,400) |  |  |  |  |
Weighted average shares outstanding | 146,958,986 |  |  | 116,298,146 |  |  | 147,008,732 |  |  | 115,528,067 |  |  |  |  |
Adjustments: |  |  |  |  |  |  |  |  |  |  |
Potential common shares (a) |  |  |  |  |  |  |  |  |  |  |
Series B Preferred Stock | — |  |  | 30,445,997 |  |  | — |  |  | — |  |  |  |  |
Restricted stock unit awards | 881,237 |  |  | 1,845,832 |  |  | 1,433,335 |  |  | 1,219,776 |  |  |  |  |
Outstanding stock options | 394,767 |  |  | 1,131,410 |  |  | 450,168 |  |  | 107,897 |  |  |  |  |
Performance stock unit awards | 114,050 |  |  | 35,441 |  |  | 57,629 |  |  | 13,425 |  |  |  |  |
Employee stock purchase plan | 24,591 |  |  | 1,113 |  |  | 14,924 |  |  | 372 |  |  |  |  |
Restricted stock awards | — |  |  | 15,767 |  |  | — |  |  | 23,733 |  |  |  |  |
Total adjustments | 1,414,645 |  |  | 33,475,560 |  |  | 1,956,056 |  |  | 1,365,203 |  |  |  |  |
Weighted average shares outstanding adjusted for potential common shares | 148,373,631 |  |  | 149,773,706 |  |  | 148,964,788 |  |  | 116,893,270 |  |  |  |  |
Diluted net income (loss) per common share: |  |  |  |  |  |  |  |  |  |  |
Continuing operations | $ | 0.05 |  |  | $ | 0.06 |  |  | $ | 0.23 |  |  | $ | 0.09 |  |  |  |  |
Discontinued operations | 0.00 |  |  | (0.00) |  |  | $ | 0.00 |  |  | (0.09) |  |  |  |  |
Diluted net income per common share | $ | 0.05 |  |  | $ | 0.06 |  |  | $ | 0.23 |  |  | $ | 0.00 |  |  |  |  |
(a) Weighted average common shares outstanding for the calculation of diluted net income 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.
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share |
| Three Months Ended September 30, |  | Nine Months Ended September 30, |  |
| 2024 |  | 2023 |  | 2024 |  | 2023 |  |  |  |
Series B Preferred Stock | — |  |  | — |  |  | — |  |  | 29,559,946 |  |  |  |  |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
Name: | us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the effect of income (loss) on basic earnings per share. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482635/260-10-55-52 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicByCommonClassTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the effect of income (loss) on an entity's diluted earnings per share. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482635/260-10-55-52 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareDilutedByCommonClassTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration