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Net Income (Loss) Per Share
12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share Net Income (Loss) Per Share
The table below provides a reconciliation of the numerators and denominators of basic and diluted net income (loss) per share for the years ended December 31, 2023 and 2022 (in thousands, except per share amounts):
202320222021
Numerators:
Net income (loss)$12,891 $(9,540)$(63,993)
Less: Income attributable to unvested restricted stock awards(251)— — 
Numerator for basic net income (loss) per share12,640 (9,540)(63,993)
Effect of dilutive securities:
Unvested restricted stock awards— — 
Numerator for diluted net income (loss) per share$12,642 $(9,540)$(63,993)
Denominators:
Weighted average number of common shares outstanding63,934 62,842 61,314 
Less: Weighted average number of unvested restricted stock awards outstanding(1,244)(1,204)(1,021)
Denominator for basic net income (loss) per share62,690 61,638 60,293 
Effect of dilutive securities:
Performance share units462 — — 
Denominator for diluted net income (loss) per share63,152 61,638 60,293 
Net income (loss) per share:
Basic$0.20 $(0.15)$(1.06)
Diluted0.20 (0.15)(1.06)
The calculation of diluted net income (loss) per share for the years ended December 31, 2023, 2022 and 2021 excluded 172 thousand shares, 277 thousand shares and 430 thousand shares, respectively, issuable pursuant to outstanding stock options, due to their antidilutive effect. Additionally, shares issuable upon conversion of the 2026 Notes were excluded due to, among other factors, the Company’s share price.