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Net Income (Loss) per Share | 12 Months Ended
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Dec. 31, 2023
Net Income (Loss) per Share [Abstract] |
Net Income (Loss) per Share |
| 15. | Net Income (Loss) per Share
Basic earnings per share of Common Stock is calculated by dividing net income available to holders of Common stock by the weighted average number of shares of Common Stock outstanding for the period. The diluted earnings per share of Common Stock calculation assumes the issuance of all dilutive potential common shares outstanding. Dilutive potential Common Stock consists of incremental shares of Class A Common Stock issuable upon the exercise of the stock options. The following table summarizes the calculation of basic and diluted net income (loss) per common share (in thousands, except per share data):
|  | Year Ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Net income (loss) |  | $ | (58,990 | ) |  | $ | (57,429 | ) |  | $ | 36,262 |
Basic earnings per share |  |  |  |  |  |  |  |  |  |  |  |
Basic weighted average shares outstanding |  |  | 378,557 |  |  |  | 373,067 |  |  |  | 366,651 |
Basic earnings (loss) per share |  | $ | (0.16 | ) |  | $ | (0.15 | ) |  | $ | 0.10 |
Diluted earnings per share |  |  |  |  |  |  |  |  |  |  |  |
Basic weighted average shares outstanding |  |  | 378,557 |  |  |  | 373,067 |  |  |  | 366,651 |
Dilutive effect of stock options |  |  | — |  |  |  | — |  |  |  | 65,599 |
Diluted weighted average shares outstanding |  |  | 378,557 |  |  |  | 373,067 |  |  |  | 432,250 |
Diluted earnings (loss) per share |  | $ | (0.16 | ) |  | $ | (0.15 | ) |  | $ | 0.08 |
The following shares were excluded from the calculation of diluted net loss per share calculation as their effect would have been anti-dilutive (in thousands):
|  | Year Ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Stock options |  |  | 25,972 |  |  |  | 51,845 |  |  |  | 54 |
Restricted stock units |  |  | 5,971 |  |  |  | 7,084 |  |  |  | 7,041 |
Warrants |  |  | 125 |  |  |  | 125 |  |  |  | 125 |

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