Net Income (Loss) Attributable to Common Stockholders

6 Months Ended

Jun. 30, 2023

Net Income (Loss) Attributable to Common Stockholders

The following table sets forth the calculation of both basic and diluted net income (loss) per share as follows for the periods indicated:


	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands, except share and per share amounts)	2023		2022		2023		2022
Net income (loss) available to common stockholders - basic	$	3,364	$	6,317	$	(16,895)	$	37,772
Less: Income on Private Placement Warrants	—		(15,185)		—		(67,237)
Net income (loss) available to common stockholders - diluted	$	3,364	$	(8,868)	$	(16,895)	$	(29,465)

Weighted average common shares outstanding - basic	132,716,024		150,731,491		132,569,209		150,665,166
Effect of dilutive shares:



Private Placement Warrants	—		987,960		—		1,609,228
Weighted average common shares outstanding - diluted	132,716,024		151,719,451		132,569,209		152,274,394

Basic net income (loss) per share	$	0.03	$	0.04	$	(0.13)	$	0.25
Dilutive net income (loss) per share	$	0.03	$	(0.06)	$	(0.13)	$	(0.19)

For the three and six months ended June 30, 2023 and 2022, all outstanding shares related to share-based awards and convertible notes were excluded from the calculation of diluted net loss per common share because their effect would be antidilutive. For the three and six months ended June 30, 2023, income and shares related to the Private Placement Warrants were excluded from the calculation of diluted net income (loss) per common share because their effect would be antidilutive.