Loss Per Share

9 Months Ended

Sep. 30, 2022

12. 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,
	2022			2021			2022			2021
	(In thousands)
Net loss	$	(113,229	)	$	(71,644	)	$	(360,779	)	$	(186,655	)
Weighted average shares outstanding, basic and diluted		76,047			73,706			75,543			69,720
Net loss per share, basic and diluted	$	(1.49	)	$	(0.97	)	$	(4.78	)	$	(2.68	)

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,
	2022		2021
	(In thousands)
Unvested restricted stock units		1,928		443
Stock options		5,548		6,217
		7,476		6,660