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Basic and Diluted Net Income (Loss) per Share (Tables)

6 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

Computation of Basic and Diluted Net Loss Per Share

The following table sets forth the computation of the Company’s basic and diluted net income (loss) per share attributable to common stockholders:

			Three Months Ended June 30,												Six Months Ended June 30,
			2023						2022						2023						2022
			(In thousands, except share and per share data)												(In thousands, except share and per share data)
Numerator:
Net income (loss)			$	(23,201)					$	127,950					$	(59,399)					$	62,608
Denominator:
Basic weighted average shares outstanding			193,917,908						184,282,194						191,775,367						183,892,304
Effect of dilutive securities:
Common stock options			—						18,043,859						—						19,130,274
Restricted stock units			—						—						—						3,890
Diluted weighted average shares outstanding			193,917,908						202,326,053						191,775,367						203,026,468
Net income (loss) per share
Basic			$	(0.12)					$	0.69					$	(0.31)					$	0.34
Diluted			$	(0.12)					$	0.63					$	(0.31)					$	0.31

Schedule of Potentially Dilutive Shares Excluded from Computation of Net Loss Per Share

The following potentially dilutive shares of common stock equivalents “on an as-converted basis” were excluded from the computation of diluted net loss per share for the periods presented because including them would have had an antidilutive effect:

			Three Months Ended June 30,												Six Months Ended June 30,
			2023						2022						2023						2022
Common stock options			15,257,468						1,493,147						15,257,468						406,732
Common stock warrants			13,145,000						13,075,000						13,145,000						13,075,000
Restricted stock units			12,227,171						5,355,860						12,227,171						5,351,970
Total potentially dilutive common share equivalents			40,629,639						19,924,007						40,629,639						18,833,702

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- References

No definition available.

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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