Net income per common share is calculated as basic net income per share and diluted net income per share. Basic net income per share excludes dilution and is computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted net income per share is computed in the same manner as basic net income after assuming issuance of common stock for all potentially dilutive equivalent shares, which includes the potential dilution that could occur: (i) if the RSUs with service conditions were fully vested (using the treasury stock method); (ii) if all of the Company’s outstanding stock options that are in-the-money were exercised (using the treasury stock method); (iii) if the RSUs with service and market conditions were considered contingently issuable; and (iv) if the RSUs with service and performance conditions were considered contingently issuable. The Company considered whether the options to purchase Class A common stock in connection with the ESPP were potentially dilutive and concluded there were no dilutive shares as all options are automatically exercised at the balance sheet date.

The Company considered the allocation of undistributed net income for multiple classes of common stock and determined that it was appropriate to allocate undistributed net income between the Company’s Class A and Class B common stock on an equal basis. For purposes of making this determination, the Company’s charter provides that the holders of Class A and Class B common stock have equal rights and privileges except with respect to voting on most other matters where Class B shares voted by Joseph Field or David Field have a 10 to 1 super vote.

The following tables present the computations of basic and diluted net income (loss) per share from continuing operations and discontinued operations:


	Year Ended December 31,
	2022		2021		2020
	(amounts in thousands, except share and per share data)
Basic Income (Loss) Per Share
Numerator




Net income (loss)	$	(140,671)	$	(3,572)	$	(242,224)
Denominator
Basic weighted average shares outstanding	138,653,951		135,981,419		134,570,672



Net income (loss) per share - Basic	$	(1.01)	$	(0.03)	$	(1.80)
Diluted Income (Loss) Per Share
Numerator




Net income (loss)	$	(140,671)	$	(3,572)	$	(242,224)
Denominator
Basic weighted average shares outstanding	138,653,951		135,981,419		134,570,672
Effect of RSUs and options under the treasury stock method	—		—		—
Diluted weighted average shares outstanding	138,653,951		135,981,419		134,570,672



Net income (loss) per share - Diluted	$	(1.01)	$	(0.03)	$	(1.80)

The following table presents those shares excluded as they were anti-dilutive:


	Impact Of Equity Awards
	Years Ended December 31,
	2022		2021		2020
	(amounts in thousands, except per share data)
Dilutive or anti-dilutive for all potentially dilutive equivalent shares	anti-dilutive		anti-dilutive		anti-dilutive
Excluded shares as anti-dilutive under the treasury stock method:
Options excluded	—		609		609
Price range of options excluded: from	$	—	$	3.54	$	3.54
Price range of options excluded: to	$	—	$	13.98	$	13.98
RSUs with service conditions	3,687		464		2,689
Excluded RSUs with service and market conditions as market conditions not met	750		75		—


Excluded shares as anti-dilutive when reporting a net loss	881		2,206		139