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Earnings Per Share

3 Months Ended

Mar. 31, 2023

Earnings Per Share Basic earnings per share (“EPS”) excludes dilution and is computed by dividing net loss attributable to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock using the treasury stock method. Potentially dilutive securities (consisting primarily of the 2025 Notes calculated using the if-converted method and warrants, stock options and RSUs calculated using the treasury stock method) are excluded from the diluted EPS computation in loss periods and when the applicable exercise price is greater than the market price on the period end date as their effect would be anti-dilutive.

The calculation of basic and diluted earnings per share was as follows (in thousands, except share and per share data):


	Three Months Ended March 31,
	2023		2022
Net loss attributable to common stockholders	$	(5,827)	$	(25,884)
Weighted-average common shares outstanding	108,601,894		105,649,419
Basic and diluted net loss per share	$	(0.05)	$	(0.24)

The following is a summary of outstanding anti-dilutive potential shares of common stock that have been excluded from diluted net loss per share attributable to common stockholders because their inclusion would have been anti-dilutive:


(in thousands)	March 31, 2023	December 31, 2022
2025 Notes	14,090	14,090
Non-qualified stock options	7,956	8,133
Restricted stock units	1,139	1,178
Employee stock purchase plan	2,200	426
Total	25,385	23,827