Basic and Diluted Loss Per Share (Tables)

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Computation of Basic and Diluted Loss Per Share

The following table sets for the weighted average number of shares outstanding and the computation of basic and diluted net loss per share, retroactively adjusted to reflect the Reverse Sock Split for the periods presented:

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands, except number of shares and per share data)	2024		2023		2024		2023
Numerator for earnings per share calculation
Net loss	$	(391,450)	$	(24,145)	$	(1,507,866)	$	(60,306)
Denominator for earnings per share calculation
Weighted average number of shares outstanding – basic	16,143,520		16,161,095		16,139,523		16,096,395
Weighted average number of shares outstanding – diluted	16,143,520		16,161,095		16,139,523		16,096,395
(Loss) Income per share – basic and diluted:
Net loss per share – basic	$	(24.25)	$	(1.49)	$	(93.43)	$	(3.75)
Net loss per share – diluted	$	(24.25)	$	(1.49)	$	(93.43)	$	(3.75)