Quarterly report pursuant to Section 13 or 15(d)

Income (Loss) Per Share

v3.23.1
Income (Loss) Per Share
3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
Income (Loss) Per Share Income (Loss) Per Share
For the three months ended March 31, 2023, our potentially dilutive securities include stock options, restricted stock units and shares to be issued under our ESPP. For the three months ended March 31, 2022, our potentially dilutive securities include stock options, restricted stock units and restricted stock. Due to the net loss that we recognized during the three months ended March 31, 2022, the potentially dilutive shares of common stock associated with these equity-based securities were determined to be antidilutive and, therefore, are excluded from the computation of diluted loss per share for the three months ended March 31, 2022.
The following table sets forth the calculation of basic and diluted income (loss) per share for the three months ended March 31, 2023 and 2022:
Three Months Ended
March 31,
2023 2022
Net income (loss) $ 27,460 $ (37,966)
Weighted-average common shares outstanding – basic 194,572 192,465
Dilutive effect of stock-based compensation awards 8,283
Weighted-average common shares outstanding – diluted 202,855 192,465
Income (loss) per common share – basic $ 0.14 $ (0.20)
Income (loss) per common share – diluted $ 0.14 $ (0.20)
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 months ended March 31, 2023 and 2022:
Three Months Ended
March 31,
2023 2022
Stock options 6,044 25,465
Restricted stock units 693 1,925
Restricted stock 595
Potential common shares excluded from the weighted average share calculations 6,737 27,985