Net (Loss) Income Per Common Share (Tables)

12 Months Ended

Dec. 31, 2023

Net Income (Loss) Per Common Share [Abstract]

Schedule of Basic and Diluted Weighted Average Shares Outstanding and Earnings (Loss) Per Share

The following table sets forth the calculation of basic and diluted weighted average shares outstanding and earnings (loss) per share for the periods presented (in thousands, except per share amounts):

	Years Ended December 31,
	2023			2022			2021
Numerator:
Net (loss) income attributable to Purple Innovation, Inc. – basic	$	(120,757	)	$	(92,470	)	$	3,114
Less: Dilutive effect of change in fair value – warrant liabilities		—			—			(24,054	)
Less: Net loss attributable to noncontrolling interest		(458	)		—			(166	)
Net loss attributable to Purple Innovation, Inc. – diluted	$	(121,215	)	$	(92,470	)	$	(21,106	)
Denominator
Weighted average shares – basic		103,602			81,779			65,928
Add: Dilutive effect of warrants		—			—			920
Add: Dilutive effect of Class B shares		334			—			454
Weighted average shares – diluted		103,936			81,779			67,302
Net (loss) income per common share:
Basic	$	(1.17	)	$	(1.13	)	$	0.05
Diluted	$	(1.17	)	$	(1.13	)	$	(0.31	)