Income (Loss) per Common Share |
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Earnings Per Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income (Loss) per Common Share | Income (Loss) per Common Share Basic income (loss) per common share is computed by dividing net income (loss) (the numerator) by the weighted-average number of shares of common stock outstanding (the denominator) for the period. Diluted income (loss) per common share assumes that any dilutive equity instruments were exercised with outstanding common stock adjusted accordingly when the conversion of such instruments would be dilutive. For the three months ended March 31, 2023 and 2022, the Company's potential dilutive shares consist of 11,284,833 and 10,982,805, respectively, of Appgate’s common stock underlying the Convertible Senior Notes that are convertible at any time at the option of the holders of the Convertible Senior Notes prior to their maturity - see Note 8. These potentially dilutive shares have been excluded from diluted loss per share for the three months ended March 31, 2022 as the effect would be to reduce the net loss per share and have an anti-dilutive effect. Therefore, the weighted-average number of common shares outstanding used to calculate both basic and diluted net loss per share is the same for the three months ended March 31, 2022. The following table summarizes the basic and diluted earnings per share calculations (in thousands, except share and per share amounts).
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