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Basic and Diluted Income (Loss) per Common Share
 6 Months Ended
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,
2024202320242023
(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 taxes752 — — — 
Diluted (1)
$(5,043)$(3,890)$(5,178)$(279)
Weighted average number of common shares outstanding:
Basic27,079,333 25,555,219 26,786,568 25,502,131 
Convertible debt conversion2,421,265 — — — 
Diluted29,500,598 25,555,219 26,786,568 25,502,131 
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(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,
20242023
Stock options issued and outstanding85,006 98,105 
Restricted stock units issued and outstanding4,356,880 2,548,379 
Convertible senior notes2,869,144 3,569,511 
Total7,311,030 6,215,995