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Earnings (Loss) Per Share (Tables)
 6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share for the three- and six-month periods ended June 30, 2022 and 2021; however, for the reasons and periods described above, the shares of common stock associated with the Forward Transactions are excluded from the computation of basic earnings per share (in thousands, except per share amounts):

 

 

For the Three Months Ended June 30,

 

 

2022

 

 

2021

 

 

Income (Numerator)

 

 

Shares (Denominator)

 

 

Per Share Amount

 

 

Income (Numerator)

 

 

Shares (Denominator)

 

 

Per Share Amount

 

Net income (loss) from continuing operations

$

22,017

 

 

 

 

 

 

 

 

$

(66,394

)

 

 

 

 

 

 

Less: participation rights on Forward Transactions allocated to continuing operations

 

64

 

 

 

 

 

 

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings (loss) per share from continuing operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Undistributed income (loss) from continuing operations

$

21,953

 

 

 

123,252

 

 

$

0.18

 

 

$

(66,394

)

 

 

109,060

 

 

$

(0.61

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effect of dilutive securities from continuing operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock-based compensation

 

—

 

 

 

5,061

 

 

 

 

 

 

—

 

 

 

—

 

 

 

 

2022 Convertible Notes

 

951

 

 

 

6,405

 

 

 

 

 

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings (loss) per share from continuing operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Undistributed income (loss) from continuing operations and assumed conversions

$

22,904

 

 

 

134,718

 

 

$

0.17

 

 

$

(66,394

)

 

 

109,060

 

 

$

(0.61

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss from discontinued operations

$

—

 

 

 

 

 

 

 

 

$

(2,854

)

 

 

 

 

 

 

Less: participation rights on Forward Transactions allocated to discontinued operations

 

—

 

 

 

 

 

 

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings (loss) per share from discontinued operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Undistributed loss from discontinued operations

$

—

 

 

 

123,252

 

 

$

—

 

 

$

(2,854

)

 

 

109,060

 

 

$

(0.02

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effect of dilutive securities from discontinued operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock-based compensation

 

—

 

 

 

5,061

 

 

 

 

 

 

—

 

 

 

—

 

 

 

 

2022 Convertible Notes

 

—

 

 

 

6,405

 

 

 

 

 

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings (loss) per share from discontinued operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Undistributed loss from discontinued operations and assumed conversions

$

—

 

 

 

134,718

 

 

$

—

 

 

$

(2,854

)

 

 

109,060

 

 

$

(0.02

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per share - basic

 

 

 

 

 

 

$

0.18

 

 

 

 

 

 

 

 

$

(0.63

)

Earnings (loss) per share - diluted

 

 

 

 

 

 

$

0.17

 

 

 

 

 

 

 

 

$

(0.63

)

 

 

For the Six Months Ended June 30,

 

 

2022

 

 

2021

 

 

Income (Numerator)

 

 

Shares (Denominator)

 

 

Per Share Amount

 

 

Income (Numerator)

 

 

Shares (Denominator)

 

 

Per Share Amount

 

Net income (loss) from continuing operations

$

44,213

 

 

 

 

 

 

 

 

$

(72,278

)

 

 

 

 

 

 

Less: participation rights on Forward Transactions allocated to continuing operations

 

173

 

 

 

 

 

 

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings (loss) per share from continuing operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Undistributed income (loss) from continuing operations

$

44,040

 

 

 

117,375

 

 

$

0.38

 

 

$

(72,278

)

 

 

96,884

 

 

$

(0.74

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effect of dilutive securities from continuing operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock-based compensation

 

—

 

 

 

5,455

 

 

 

 

 

 

—

 

 

 

—

 

 

 

 

2022 Convertible Notes

 

2,770

 

 

 

11,644

 

 

 

 

 

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings (loss) per share from continuing operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Undistributed income (loss) from continuing operations and assumed conversions

$

46,810

 

 

 

134,474

 

 

$

0.35

 

 

$

(72,278

)

 

 

96,884

 

 

$

(0.74

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) from discontinued operations

$

—

 

 

 

 

 

 

 

 

$

(4,655

)

 

 

 

 

 

 

Less: participation rights on Forward Transactions allocated to discontinued operations

 

—

 

 

 

 

 

 

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings (loss) per share from discontinued operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Undistributed loss from discontinued operations

$

—

 

 

 

117,375

 

 

$

—

 

 

$

(4,655

)

 

 

96,884

 

 

$

(0.05

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effect of dilutive securities from discontinued operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock-based compensation

 

—

 

 

 

5,455

 

 

 

 

 

 

—

 

 

 

—

 

 

 

 

2022 Convertible Notes

 

—

 

 

 

11,644

 

 

 

 

 

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings (loss) per share from discontinued operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Undistributed loss from discontinued operations and assumed conversions

$

—

 

 

 

134,474

 

 

$

—

 

 

$

(4,655

)

 

 

96,884

 

 

$

(0.05

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss per share - basic

 

 

 

 

 

 

$

0.38

 

 

 

 

 

 

 

 

$

(0.79

)

Loss per share - diluted

 

 

 

 

 

 

$

0.35

 

 

 

 

 

 

 

 

$

(0.79

)