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Loss Per Common Share | 9 Months Ended
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Sep. 30, 2021
Earnings Per Share [Abstract] |
Loss Per Common Share | 3. Loss Per Common Share
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
|  | (Dollars In Thousands, Except Per Share Amounts) |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) |  | $ | (8,928 | ) |  | $ | (20,402 | ) |  | $ | 1,463 |  |  | $ | (40,219 | )
Adjustments for basic income (loss) per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dividend requirements on Series E Redeemable Preferred |  |  | (10,190 | ) |  |  | (8,889 | ) |  |  | (29,914 | ) |  |  | (25,885 | )
Deemed dividend on Series E and Series F Redeemable Preferred |  |  | (231,812 | ) |  |  | — |  |  |  | (231,812 | ) |  |  | — |
Dividend requirements on Series B Preferred |  |  | (60 | ) |  |  | (60 | ) |  |  | (180 | ) |  |  | (180 | )
Dividend requirements on Series D Preferred |  |  | (15 | ) |  |  | (15 | ) |  |  | (45 | ) |  |  | (45 | )
Accretion of Series E Redeemable Preferred |  |  | (499 | ) |  |  | (508 | ) |  |  | (1,523 | ) |  |  | (1,517 | )
Numerator for basic and diluted net loss per common share |  | $ | (251,504 | ) |  | $ | (29,874 | ) |  | $ | (262,011 | ) |  | $ | (67,846 | )
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Denominator for basic and diluted net income (loss) per common share - adjusted weighted-average shares (1) |  |  | 39,351,875 |  |  |  | 36,675,477 |  |  |  | 37,752,342 |  |  |  | 36,654,416 |
Basic and diluted net loss per common share |  | $ | (6.39 | ) |  | $ | (0.81 | ) |  | $ | (6.94 | ) |  | $ | (1.85 | )
| (1) | Excludes the weighted-average shares of unvested restricted stock that are contingently issuable.
3. Loss Per Common Share (continued) The following weighted-average shares of securities were not included in the computation of diluted net loss per common share as their effect would have been antidilutive:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Restricted stock and stock units |  |  | 2,426,419 |  |  |  | 1,719,451 |  |  |  | 2,211,674 |  |  |  | 1,619,381 |
Convertible preferred stocks |  |  | 1,191,666 |  |  |  | 1,191,666 |  |  |  | 1,191,666 |  |  |  | 1,191,666 |
Series E Redeemable Preferred - embedded derivative |  |  | — |  |  |  | 303,646 |  |  |  | — |  |  |  | 303,646 |
Stock options |  |  | 64,318 |  |  |  | 138,843 |  |  |  | 64,318 |  |  |  | 138,843 |
|  |  | 3,682,403 |  |  |  | 3,353,606 |  |  |  | 3,467,658 |  |  |  | 3,253,536 |

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