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Net Income (Loss) Per Common Share
3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
Net Income (Loss) Per Common Share Net Income (Loss) Per Common Share
Net income (loss) per common share is calculated using two methods: basic and diluted.
Basic Net Income (Loss) Per Common Share
The following table provides a reconciliation of net income (loss) to net income (loss) available to common stockholders and calculation of basic net income (loss) per common share for each of the three months ended March 31, 2024 and 2023 (in thousands, except share and per share amounts):
 Three Months Ended March 31,
 20242023
Net income (loss) from continuing operations$9,061 $(1,942)
Income (loss) from discontinued operations, net of tax$200 $(3,041)
Net income (loss)9,261 (4,983)
Adjustments to reconcile to income (loss) available to common stockholders:
Accumulated dividend on previously converted Series B Preferred Stock— 1,684 
Net income (loss) available to common stockholders from continuing operations$9,061 $(3,626)
Weighted average common shares outstanding146,404,587 114,398,813 
Basic net income (loss) per common share:
Continuing operations$0.06 $(0.03)
Discontinued operations— (0.03)
Basic net income (loss) per common share$0.06 $(0.06)
Diluted Net Income (Loss) Per Common Share
The following table sets forth the computation of diluted net income (loss) per common share (in thousands, except share and per share amounts):
 Three Months Ended March 31,
 20242023
Net income (loss) available to common stockholders from continuing operations$9,061 $(3,626)
Adjustments:
Dividends on Series B Preferred Stock— 1,684 
Less: antidilutive adjustments— (1,684)
Total adjustments— — 
Numerator
Net income (loss) available to common shareholders from continuing operations9,061 (3,626)
Income (loss) from discontinued operations, net of tax200 (3,041)
Weighted average shares outstanding146,404,587 114,398,813 
Adjustments:
Potential common shares (a)
Restricted stock unit awards2,016,109 — 
Outstanding stock options1,499,970 — 
Performance stock unit awards106,802 — 
Employee stock purchase plan639 — 
Total adjustments3,623,520 — 
Weighted average shares outstanding adjusted for potential common shares150,028,107 114,398,813 
Diluted net income (loss) per common share:
Continuing operations$0.06 $(0.03)
Discontinued operations— (0.03)
Diluted net income (loss) per common share$0.06 $(0.06)
(a) Weighted average common shares outstanding for the calculation of diluted net income (loss) per common share does not include the following adjustments for potential common shares below because their effects were determined to be antidilutive for the periods presented.
Three Months Ended March 31,
20242023
Series B Preferred Stock— 29,559,946 
Restricted stock unit awards— 567,167 
Restricted stock awards— 5,152 
Employee stock purchase plan— 5,740 
Performance stock unit awards— 13,133 
Outstanding stock options— — 
Potential common shares— 30,151,138