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NET INCOME (LOSS) PER SHARE | 12 Months Ended
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Dec. 31, 2021
Earnings Per Share [Abstract] |
NET INCOME (LOSS) PER SHARE | 21. NET INCOME (LOSS) PER SHARE The following table sets forth the computation of basic and diluted net income (loss) per common share for the periods indicated (in thousands, except per share data):
| Year ended December 31,
| 2021 |  | 2020 |  | 2019
Numerator: |  |  |  |  |
Income (loss) from continuing operations | $ | 171,791 |  |  | $ | 95,127 |  |  | $ | (62,908) |
Less: Preferred stock dividends—declared and accumulated | 729 |  |  | 731 |  |  | 894 |
Undistributed income (loss) from continuing operations | 171,062 |  |  | 94,396 |  |  | (63,802) |
Less: Undistributed income (loss) allocated to participating securities | 16,409 |  |  | 6,427 |  |  | (869) |
Net income (loss) from continuing operations attributable to common stockholders | $ | 154,653 |  |  | $ | 87,969 |  |  | $ | (62,933) |
Income (loss) from discontinued operations attributable to stockholders of Overstock.com, Inc. | $ | 217,581 |  |  | $ | (39,126) |  |  | $ | (58,933) |
Less: Preferred stock TZROP repurchase loss | — |  |  | — |  |  | (425) |
Undistributed income (loss) from discontinued operations | 217,581 |  |  | (39,126) |  |  | (58,508) |
Less: Undistributed income (loss) allocated to participating securities | 20,870 |  |  | (2,664) |  |  | (796) |
Net income (loss) from discontinued operations attributable to common stockholders | 196,711 |  |  | (36,462) |  |  | (57,712) |
Net income (loss) attributable to common stockholders | $ | 351,364 |  |  | $ | 51,507 |  |  | $ | (120,645) |
Denominator: |  |  |  |  |
Weighted average shares of common shares outstanding—basic | 42,981 |  |  | 41,217 |  |  | 34,865 |
Effect of dilutive securities: |  |  |  |  |
Restricted stock awards | 351 |  |  | 390 |  |  | — |
Weighted average shares of common shares outstanding—diluted | 43,332 |  |  | 41,607 |  |  | 34,865 |
Net income (loss) from continuing operations per share of common stock: |  |  |  |  |
Basic | $ | 3.60 |  |  | $ | 2.13 |  |  | $ | (1.81) |
Diluted | $ | 3.57 |  |  | $ | 2.12 |  |  | $ | (1.81) |
Net income (loss) from discontinued operations per share of common stock: |  |  |  |  |
Basic | $ | 4.58 |  |  | $ | (0.88) |  |  | $ | (1.65) |
Diluted | $ | 4.54 |  |  | $ | (0.88) |  |  | $ | (1.65) |
Net income (loss) per share of common stock: |  |  |  |  |
Basic | $ | 8.18 |  |  | $ | 1.25 |  |  | $ | (3.46) |
Diluted | $ | 8.11 |  |  | $ | 1.24 |  |  | $ | (3.46) |
The 2019 basic and diluted net loss per common share computations reflect the Dividend declared on July 30, 2019 that was payable in shares of our Series A-1 Preferred stock and subsequently distributed on May 19, 2020. The following shares were excluded from the calculation of diluted shares outstanding as their effect would have been anti-dilutive (in thousands):
| Year ended December 31,
| 2021 |  | 2020 |  | 2019
Restricted stock units | 170 |  |  | 228 |  |  | 1,051 |
Employee stock purchase plan | 24 |  |  | — |  |  | — |

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