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Net Loss Per Common Share
 12 Months Ended
Dec. 31, 2020
Earnings Per Share [Abstract]  
Net Loss Per Common Share

17. Net Loss Per Common Share

 

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

 

   Year Ended
December 31,		 
(in thousands)  2020   2019 
   Restated   Restated 
Numerator:        
Net loss attributable to Purple Innovation, Inc.  $(236,867)  $(22,573)
Denominator:          
Weighted average shares—basic and diluted   39,219    10,006 
Net loss per common share:          
Basic  $(6.04)  $(2.26)
Diluted  $(6.04)  $(2.26)

  

For the year ended December 31, 2020, the Company excluded 0.1 million shares of issued Class A Stock subject to vesting, 6.5 million shares of Class A Stock issuable upon conversion of the Company’s warrants and options, and 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.