Net Loss Per Common Share (Tables)

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic

The following table provides a reconciliation of net loss to net loss available to common stockholders and calculation of basic net loss per common share for each of the three and six months ended June 30, 2021 and 2020 (amounts in thousands, except share and per share amounts):

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Net loss	$	(1,779)	$	(8,466)	$	(10,161)	$	(13,287)
Adjustments to reconcile to net (loss) income available to common stockholders
Accumulated dividend on Series B Convertible Preferred Stock	1,033		—		2,039		—
Accretion of increasing-rate dividend feature	464		—		926		—
Total adjustments	1,497		—		2,965		—
Net loss available to common stockholders	$	(3,276)	$	(8,466)	$	(13,126)	$	(13,287)
Weighted average common shares outstanding	110,276,636		108,119,461		109,841,428		108,081,625
Basic net loss per common share	$	(0.03)	$	(0.08)	$	(0.12)	$	(0.12)

Schedule of Earnings Per Share, Diluted

The following table sets forth the computation of diluted net loss per common share (in thousands, except share and per share amounts):

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Net loss available to common stockholders	$	(3,276)	$	(8,466)	$	(13,126)	$	(13,287)
Dividends on Series B Convertible Preferred Stock	1,497		—		2,965		—
Numerator	$	(3,276)	$	(8,466)	$	(13,126)	$	(13,287)
Weighted average shares outstanding	110,276,636		108,119,461		109,841,428		108,081,625
Potential common shares (a)	30,373,856		1,635,618		30,232,150		2,117,833
Weighted average shares outstanding adjusted for potential common shares	110,276,636		108,119,461		109,841,428		108,081,625
Diluted net loss per common share	$	(0.03)	$	(0.08)	$	(0.12)	$	(0.12)

(a) Potential common shares reflects hypothetical transactions involving convertible securities and share-based payment awards using the if-converted and treasury stock methods, respectively. The effect of each of these adjustments on the calculation is presented in the table below:

	Three Months Ended June 30,		Six Months Ended June 30,
	2021	2020	2021	2020
Series B Convertible Preferred Stock	26,758,916	—	26,497,570	—
Restricted stock awards	1,271,626	1,044,479	1,450,671	1,386,674
Restricted stock unit awards	1,471,412	—	1,345,953	—
Outstanding stock options	838,644	562,513	906,811	714,600
Performance stock unit awards	33,258	28,626	31,145	16,559
Potential common shares	30,373,856	1,635,618	30,232,150	2,117,833