Loss per Common Share

12 Months Ended

Dec. 31, 2021

3. Loss per Common Share

The following table sets forth the computation of basic and diluted net loss per common share:

	2021			2020			2019
	( In Thousands, Except Per Share Amounts)
Numerator:
Net income (loss)	$	43,545		$	(61,911	)	$	(63,417	)
Adjustments for basic and diluted net loss per common share:
Dividend requirements on Series E Redeemable Preferred		(29,914	)		(35,182	)		(30,729	)
Deemed dividend on Series E and Series F Redeemable Preferred		(231,812	)		—			—
Dividend and dividend requirements on Series B Preferred		(239	)		(240	)		(240	)
Dividend and dividend requirements on Series D Preferred		(59	)		(60	)		(60	)
Accretion of Series E Redeemable Preferred		(1,523	)		(2,026	)		(1,995	)

Numerator for basic and diluted net loss per common share	$	(220,002	)	$	(99,419	)	$	(96,441	)

Denominator:
Denominator for basic and diluted net loss per common share - adjusted weighted-average shares (1)		49,963			36,664			36,455

Basic and diluted net loss per common share	$	(4.40	)	$	(2.71	)	$	(2.65	)

(1)	All periods exclude the weighted-average shares of unvested restricted stock that are contingently issuable.

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:

	2021		2020		2019
	(In Thousands)
Restricted stock and stock units		1,531		1,588		938
Stock options		13		138		138
Series E redeemable preferred stock - embedded derivative		—		304		304
Convertible preferred stocks		—		1,192		1,192
		1,544		3,222		2,572