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Basic and Diluted (Loss) Income per Common Share (Tables)

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The components of basic and diluted (loss) income per share are as follows:

									Three months ended March 31,
															2024						2023
															(In thousands, except share and per share amounts)
Earnings per share
Net (loss) income attributable to common stockholders															$	(9,233)					$	3,611
Net (loss) income per share:
Basic															$	(0.35)					$	0.14
Diluted															$	(0.35)					$	(0.28)
Numerator used to compute net (loss) income per share:
Basic															$	(9,233)					$	3,611
Net gain on extinguishment of debt, net of taxes															—						(12,707)
Interest expense on convertible notes, net of taxes															—						1,009
Diluted (1)															$	(9,233)					$	(8,087)
Weighted average number of common shares outstanding:
Basic															26,493,802						25,448,452
Convertible debt conversion															—						3,824,806
Diluted															26,493,802						29,273,258

________________________

(1) Net income is adjusted for the reversal of the net gain on extinguishment of debt and add back of interest expense as part of the calculation for diluted Non-GAAP earnings per share.

Schedule of Anti-dilutive Common Shares Excluded from Calculation of Net Loss

The following common share equivalents were excluded from the weighted average shares used to calculate net (loss) income per common share because their effects would have been anti-dilutive:

			As of March 31,
			2024						2023
Stock options issued and outstanding			86,631						136,479
Restricted stock units issued and outstanding			4,725,103						2,475,656
Convertible senior notes			3,317,023						3,824,806
Total			8,128,757						6,436,941

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- References

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- 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

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

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