EARNINGS (LOSS) PER SHARE

12 Months Ended

Dec. 31, 2023

The Company computes basic earnings (loss) per share ("EPS") attributable to common stockholders by dividing net income (loss) attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the

period. Diluted EPS is calculated by adjusting weighted average shares outstanding for the dilutive effect of potential common shares, determined using the treasury-stock method. For purposes of the diluted EPS calculation, restricted stock units are considered to be potential common shares.

The following table sets forth the computation of the Company’s basic and diluted EPS attributable to common stockholders for the fiscal periods indicated (in thousands, except share and per share amounts):


	Year-ended December 31,
	2023		2022		2021
Net loss	$	(84,402)	$	(382,140)	$	(91,767)

Weighted-average common shares outstanding—basic	123,726,252		119,698,776		112,374,669
Effect of dilutive securities:
Restricted stock units and performance shares	—		—		—
Weighted-average common shares outstanding—diluted	123,726,252		119,698,776		112,374,669

Loss per share
Basic and diluted	$	(0.68)	$	(3.19)	$	(0.82)

The following table includes the number of units and shares that may be dilutive common shares in the future, and were not included in the computation of diluted loss per share because the effect was anti-dilutive for the fiscal periods indicated:


	Year-ended December 31,
	2023	2022	2021
Restricted stock units and performance shares	8,098,660	10,638,077	12,208,496