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Basic and Diluted Income (Loss) per Common Share | 6 Months Ended
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Jun. 30, 2024
Earnings Per Share [Abstract] |
Basic and Diluted Income (Loss) per Common Share | 14. Basic and Diluted Income (Loss) per Common Share Basic net income (loss) per share is computed by dividing net income (loss) by the weighted-average number of shares of common stock outstanding during the period. Diluted net income (loss) per share is computed by giving effect to all potential shares of common stock, including stock options and stock related to unvested restricted stock awards. The components of basic and diluted income (loss) per share are as follows:
| Three months ended June 30, |  | Six months ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023 |  |
| (In thousands, except share and per share amounts)
Earnings per share |  |  |  |  |  |  |  |  |
Net income (loss) attributable to common stockholders | $ | 4,055 |  |  | $ | (3,890) |  |  | $ | (5,178) |  |  | $ | (279) |  |  |
Net income (loss) per share: |  |  |  |  |  |  |  |  |
Basic | $ | 0.15 |  |  | $ | (0.15) |  |  | $ | (0.19) |  |  | $ | (0.01) |  |  |
Diluted | $ | (0.17) |  |  | $ | (0.15) |  |  | $ | (0.19) |  |  | $ | (0.01) |  |  |
Numerator used to compute net income (loss) per share: |  |  |  |  |  |  |  |  |
Basic | $ | 4,055 |  |  | $ | (3,890) |  |  | $ | (5,178) |  |  | $ | (279) |  |  |
Net gain on extinguishment of debt, net of taxes | (9,850) |  |  | — |  |  | — |  |  | — |  |  |
Interest expense on convertible notes, net of taxes | 752 |  |  | — |  |  | — |  |  | — |  |  |
Diluted (1) | $ | (5,043) |  |  | $ | (3,890) |  |  | $ | (5,178) |  |  | $ | (279) |  |  |
Weighted average number of common shares outstanding: |  |  |  |  |  |  |  |  |
Basic | 27,079,333 |  |  | 25,555,219 |  |  | 26,786,568 |  |  | 25,502,131 |  |  |
Convertible debt conversion | 2,421,265 |  |  | — |  |  | — |  |  | — |  |  |
Diluted | 29,500,598 |  |  | 25,555,219 |  |  | 26,786,568 |  |  | 25,502,131 |  |  |
________________________ (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. The following common share equivalents were excluded from the weighted average shares used to calculate net income (loss) per common share because their effects would have been anti-dilutive:
| As of June 30,
| 2024 |  | 2023 |  |
Stock options issued and outstanding | 85,006 |  |  | 98,105 |  |  |
Restricted stock units issued and outstanding | 4,356,880 |  |  | 2,548,379 |  |  |
Convertible senior notes | 2,869,144 |  |  | 3,569,511 |  |  |
Total | 7,311,030 |  |  | 6,215,995 |  |  |

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