Net Income (Loss) Per Share Attributable to Common Stock

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Net Income (loss) per Share Attributable to Common Stock

Note 12. Net income (loss) per share attributable to common stock

The Company grants certain stock options under the Company's 2019 and 2020 Stock Option Plan and these are considered common stock equivalents. For the period ending June 30, 2021, the common stock equivalents were excluded from the calculation of net income (loss) per share due to their anti-dilutive effect. For the period ending June 30,

2022, the common stock equivalents were included to calculate weighted-average diluted shares outstanding. The Company used the treasury stock method.

The following table summarizes the impact of the treasury stock method:

Net income (loss) per shares	Three Months Ended June 30,					Six Months Ended June 30,
(in thousands, except per share amounts)	2022		2021			2022		2021
Numerator
Net income (loss) attributable to common    stockholders	$	5,626	$	(26,459	)	$	75,208	$	(39,993	)
Denominator
Weighted-average shares used in compute net    income (loss) per share, basic		35,546,605		35,119,952			35,520,086		35,103,294
Effect of dilutive securities (a)		2,089,223		—			2,411,606		—
Weighted-average shares used to compute net    income (loss) per share, diluted		37,635,828		35,119,952			37,931,692		35,103,294
Net income (loss) per share:
Basic	$	0.16	$	(0.75	)	$	2.12	$	(1.14	)
Diluted	$	0.15	$	(0.75	)	$	1.98	$	(1.14	)

(a)The common stock equivalents were excluded for the three months and six months ending June 30, 2021, due to their anti-dilutive effect.