Earnings Per Share

6 Months Ended

Jun. 30, 2021

The components of basic and diluted earnings (loss) per share (“EPS”) were as follows for the three and six months ended June 30 (in thousands, except per share amounts):


	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
			(As Restated)				(As Restated)
Net income (loss)	$	12,445	$	(46,768)	$	13,946	$	1,275
Less: Net income applicable to contingently issuable shares	—		—		—		798
Net income (loss) on which diluted earnings (loss) per share is calculated	$	12,445	$	(46,768)	$	13,946	$	477

Basic weighted average outstanding shares of common stock	93,617		78,317		93,452		78,161
Dilutive effect of stock-based awards for common stock	1,051		—		930		804


Dilutive effect of contingent earnout shares before conversion	—		—		—		114
Diluted weighted average outstanding shares of common stock	94,668		78,317		94,382		79,079

Earnings (loss) per share:
Basic	$	0.13	$	(0.60)	$	0.15	$	0.02
Diluted	$	0.13	$	(0.60)	$	0.15	$	0.01

Anti-dilutive stock-based awards, contingent earnout shares and Warrants excluded from the calculations of diluted EPS were 4,803,239 and 5,078,745 for the three and six months ended June 30, 2021, respectively, and 29,315,249 and 28,137,215 for the three and six months ended June 30, 2020, respectively.