Earnings (Loss) per Share (Tables)

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Earnings (Loss) Per Share

Basic and diluted earnings (loss) per share are calculated as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands, except share and per share data)	2022		2021		2022		2021
Net income (loss)	$	(105,827)	$	22,979	$	(69,321)	$	33,248
Net income (loss) attributable to common stockholders	$	(105,827)	$	22,979	$	(69,321)	$	33,248
Basic weighted-average common shares outstanding	33,010,107		28,167,686		32,688,988		27,982,273
Weighted average effect of dilutive securities:
Stock options	—		1,451,687		—		1,351,288
Restricted stock units	—		884,400		—		726,114
Diluted weighted-average common shares outstanding	33,010,107		30,503,773		32,688,988		30,059,675
Earnings (loss) per share:
Basic	$	(3.21)	$	0.82	$	(2.12)	$	1.19
Diluted	$	(3.21)	$	0.75	$	(2.12)	$	1.11

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following common share equivalent securities have been excluded from the calculation of diluted weighted-average common shares outstanding because the effect is anti-dilutive for the periods presented:

	Three Months Ended September 30,		Nine Months Ended September 30,
	2022	2021	2022	2021
Stock options	3,456,494	1,597,130	3,596,792	2,229,446
Restricted stock units	4,696,244	—	4,285,771	15,102
Total anti-dilutive common share equivalents	8,152,738	1,597,130	7,882,563	2,244,548