XML 27 R17.htm IDEA: XBRL DOCUMENT v3.21.2
Loss Per Share
9 Months Ended
Sep. 30, 2021
Earnings Per Share [Abstract]  
Loss Per Share

11. Loss Per Share

The Company calculates basic loss per share by dividing net loss for each respective period by the weighted average number of common shares outstanding for each respective period. The Company computes diluted loss per share after giving consideration to the dilutive effect of stock options and unvested restricted stock that are outstanding during the period, except where such securities would be anti-dilutive.

Basic and diluted loss per share was calculated as follows:

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

 

 

(In thousands)

 

Net loss

 

$

(71,644

)

 

$

(27,840

)

 

$

(186,655

)

 

$

(92,039

)

Weighted average shares outstanding, basic
   and diluted

 

 

73,706

 

 

 

58,754

 

 

 

69,720

 

 

 

54,218

 

Net loss per share, basic and diluted

 

$

(0.97

)

 

$

(0.47

)

 

$

(2.68

)

 

$

(1.70

)

 

The following common stock equivalents were excluded from the calculation of diluted loss per share because their inclusion would have been anti-dilutive:

 

 

Three and Nine Months Ended September 30,

 

 

 

2021

 

 

2020

 

 

 

(In thousands)

 

Unvested restricted stock units

 

 

443

 

 

 

225

 

Stock options

 

 

6,217

 

 

 

7,527

 

 

 

 

6,660

 

 

 

7,752