Net Earnings (Loss) per Share, as restated

3 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

Net Earnings (Loss) per Share, as restated

9. Net Earnings (Loss) per Share, as restated

Basic income/(loss) per share (“EPS”) is computed by dividing net income/(loss) attributable to common stockholders by the weighted average number of common shares outstanding during the period, excluding the effects of any potentially dilutive securities. Diluted EPS gives effect to all dilutive potential shares of common stock outstanding during the period, including RSUs, using the treasury stock method, and convertible debt or convertible preferred stock, using the if-converted method, unless the inclusion would be anti-dilutive.

The computation of diluted EPS excludes the common stock equivalents of the following potentially dilutive securities because they were either contingently issuable shares or because their inclusion would be anti-dilutive:

	Three Months Ended March 31,
	2023		2022
RSUs	$	1,917,231	$	695,372

The following table reconciles the numerators and denominators of the basic and diluted EPS computations for the three months ended March 31, 2022. There were no reconciling items for the three months ended March 31, 2023.

	Income (Numerator)		Shares (Denominator)		Per-Share Amount, Three Months Ended March 31, 2022
	(in millions)
Basic EPS
Income available to common stockholders	$	1.5		28,437,052	$	0.05
Effect of Dilutive Securities
RSUs		—		925,330		—
Diluted EPS
Income available to common stockholders	$	1.5	$	29,362,382	$	0.05

The calculation of Basic EPS includes the effects of 1,893,136 and 1,591,632 shares for the three months ended March 31 2023 and 2022, respectively, with respect to RSU awards that have vested but have not yet been issued.