XML 40 R22.htm IDEA: XBRL DOCUMENT v3.20.4
Net Income (Loss) Per Common Share
 12 Months Ended
Dec. 31, 2020
Earnings Per Share [Abstract]  
Net Income (Loss) Per Common Share

16. Net Income (Loss) Per Common Share

 

The following table sets forth the calculation of basic and diluted weighted average shares outstanding and net income (loss) per share for the periods presented (in thousands, except per share amounts):

 

   Years Ended
December 31,		 
   2020   2019 
Numerator:        
Net income (loss) attributable to Purple Innovation, Inc.   $3,788   $(4,027)
Denominator:          
Weighted average shares—basic   39,219    10,006 
Add: dilutive effects of equity awards   1,390    
—
 
Add: dilutive effects of incremental warrants   4,097    
—
 
Weighted average shares—diluted   44,706    10,006 
Net income (loss) per common share:          
Basic  $0.10   $(0.40)
Diluted  $0.08   $(0.40)

 

For the year ended December 31, 2020, the Company excluded 0.5 million Paired Securities convertible into shares of Class A Stock as the effect was anti-dilutive. For the year ended December 31, 2019, the Company excluded 1.4 million shares of issued Class A Stock subject to vesting, 18.9 million shares of Class A Stock issuable upon conversion of the Company’s warrants and options, and 31.4 million Paired Securities convertible into shares of Class A Stock as the effect was anti-dilutive.