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Earnings (Loss) Per Share (Tables) | 3 Months Ended
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Mar. 31, 2025
Earnings Per Share [Abstract] |
Components of Basic and Diluted Loss Per Shares | The following is a calculation of the basic and diluted earnings per share for the Company's common stock, including a reconciliation between net income attributable to common stockholders used for Basic EPS and Diluted EPS for the three months ended March 31, 2025 and 2024:
(in thousands, except share and per share data) |  | Three Months Ended March 31, |
|  | 2025 |  |  | 2024 |
Basic Earnings Per Share |  |  |  |  |  |
Numerator: |  |  |  |  |  |
Net (loss) income used to compute basic (loss) earnings per share |  | $ | (4,250 | ) |  | $ | 50,599 |
Denominator: |  |  |  |  |  |
Weighted average common stock outstanding used in basic EPS computations |  |  | 151,289,278 |  |  |  | 130,712,032 |
(Loss) earnings per share, basic |  | $ | (0.03 | ) |  | $ | 0.39 |
Diluted Earnings Per Share |  |  |  |  |  |
Numerator: |  |  |  |  |  |
Net (loss) income attributable to common stockholders |  | $ | (4,250 | ) |  | $ | 50,599 |
If-converted impact on net income attributable to common stockholders |  |  | - |  |  |  | 3,673 |
Net (loss) income attributable to common stockholders for diluted EPS |  | $ | (4,250 | ) |  | $ | 54,272 |
Denominator: |  |  |  |  |  |
Weighted average common stock outstanding used in basic EPS computations |  |  | 151,289,278 |  |  |  | 130,712,032 |
Weighted average effect of dilutive securities |  |  | - |  |  |  | 15,315,053 |
Weighted average common stock outstanding used in diluted EPS computations |  |  | 151,289,278 |  |  |  | 146,027,085 |
Diluted (Loss) Earnings Per Share |  | $ | (0.03 | ) |  | $ | 0.37 |
Summary of Anti Dilutive Securities Excluded from Calculations of Diluted Per Share | Potentially dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows:
|  | Three Months Ended March 31, |
Anti-dilutive securities excluded from diluted loss per share: |  | 2025 |  |  | 2024 |
Anti-dilutive Earnout Awards |  |  | 19,195,100 |  |  |  | 19,195,100 |
Anti-dilutive stock options |  |  | 170,494 |  |  |  | - |
Anti-dilutive restricted stock units |  |  | 12,424,203 |  |  |  | 5,569,966 |
Anti-dilutive GPO Convertible Note |  |  | 6,660,606 |  |  |  | - |
Anti-dilutive Dragonfly Seller Convertible Notes |  |  | 1,273,138 |  |  |  | - |
Anti-dilutive Era Convertible Note |  |  | 4,547,533 |  |  |  | - |
Anti-dilutive Convertible Notes |  |  | 11,653,244 |  |  |  |
Total anti-dilutive securities excluded from diluted (loss) earnings per share |  |  | 55,924,318 |  |  |  | 24,765,066 |

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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 -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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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 -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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