EARNINGS (LOSS) PER SHARE (Tables)

9 Months Ended

Sep. 30, 2021

Earnings Per Share [Abstract]

Schedule of Potentially Dilutive Securities Excluded from Diluted Loss Calculation

The following potentially dilutive securities outstanding as of September 30, 2021 and 2020 have been excluded from the denominator of the diluted income (loss) per share of common stock outstanding calculation as their effect is anti-dilutive.

(in thousands):

	Three Months ended September 30,		Nine Months ended  September 30,
	2021	2020	2021	2020
Warrants	55	2,485	199	2,485
Stock options	11,273	10,227	15,511	10,227
	11,328	12,712	15,710	12,712

Schedule of Earnings (Loss) Per Share

The following table illustrates the determination of earnings (loss) per share for each period presented:

	Three Months ended September 30,				Nine Months ended September 30,
	2021		2020		2021		2020
	(in thousands, except per share amounts)
Basic Earnings (Loss) Per Share:
Numerator:
Net income (loss)	$	71,674	$	(22,608)	$	(9,280)	$	(7,388)
Less: Deemed Dividend	—		—		—		(147)
Less: Income attributable to participating securities - basic	(52)		—		—		—
Net income (loss) attributable to common stockholders - basic	$	71,622	$	(22,608)	$	(9,280)	$	(7,535)
Denominator:
Weighted average common shares outstanding - basic	196,778		117,886		176,547		113,437
Net income (loss) per share applicable to common stockholders - basic	$	0.36	$	(0.19)	$	(0.05)	$	(0.07)
Dilutive Earnings (Loss) Per Share:
Numerator:
Net income (loss)	$	71,674	$	(22,608)	$	(9,280)	$	(7,388)
Less: Deemed Dividend	—		—		—		(147)
Less: Income attributable to participating securities - diluted	(51)		—		—		—
Net income (loss) attributable to common stockholders - diluted	$	71,623	$	(22,608)	$	(9,280)	$	(7,535)
Denominator:
Weighted average shares outstanding	196,778		117,886		176,547		113,437
Dilutive impact from:
Stock options and employee stock purchase plan	4,239		—		—		—
Weighted average common shares outstanding - diluted	201,017		117,886		176,547		113,437
Net income (loss) per share applicable to common stockholders - diluted	$	0.36	$	(0.19)	$	(0.05)	$	(0.07)