Quarterly report pursuant to Section 13 or 15(d)

Income (Loss) Per Share (Tables)

v3.22.2.2
Income (Loss) Per Share (Tables)
9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Basic and Diluted Loss Per Share
The following table sets forth the calculation of basic and diluted income (loss) per share for the three and nine months ended September 30, 2022 and 2021:
Three Months Ended
September 30,
Nine Months Ended
September 30,
2022 2021 2022 2021
Net income (loss) $ 24,732 $ (45,442) $ (15,519) $ (274,599)
Dividends accrued on Series A Preferred Stock
(6,126) (16,414)
Income (loss) available to common stockholders $ 24,732 $ (51,568) $ (15,519) $ (291,013)
Weighted-average common shares outstanding – basic 193,918 145,196 193,364 145,196
Dilutive effect of stock-based compensation awards 4,463
Weighted-average common shares outstanding – diluted 198,381 145,196 193,364 145,196
Income (loss) per common share – basic $ 0.13 $ (0.36) $ (0.08) $ (2.00)
Income (loss) per common share – diluted $ 0.12 $ (0.36) $ (0.08) $ (2.00)
Potential Common Shares Excluded from Computation of Diluted Loss Per Share
The following is a summary of potential shares of common stock that were antidilutive and excluded from the weighted average share computations for the three and nine months ended September 30, 2022 and 2021:
Three Months Ended
September 30,
Nine Months Ended
September 30,
2022 2021 2022 2021
Stock options 6,060 24,118 25,139 24,118
Restricted stock units 2,658 610 2,786 610
Outstanding shares of Series A Preferred Stock 5,430 5,430
Unvested restricted Series A Preferred Stock 500 500
Potential common shares excluded from the weighted average share calculations 8,718 30,658 27,925 30,658