Earnings (Loss) Per Share (Tables)

3 Months Ended

Mar. 31, 2023

Schedule of Earnings Per Share, Basic and Diluted

The following table presents the calculation of basic and diluted earnings (loss) per share for the Company’s common stock:


	Three Months Ended March 31,
(In thousands, except per share amounts)	2023		2022
Numerator:
Net (loss) income	$	(24,628)	$	44,894
Denominator:
Basic weighted average common shares outstanding	116,451		115,387
Effect of dilutive securities:
Stock options	—		11,075
Diluted weighted average common shares outstanding	116,451		126,462
Earnings (loss) per share:
Basic	$	(0.21)	$	0.39
Diluted	$	(0.21)	$	0.35

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The number of potential shares outstanding that were anti-dilutive, and were excluded from the computation of diluted earnings per share, weighted for the portion of the period they were outstanding, were as follows:


	Three Months Ended March 31,
(In thousands)	2023	2022
Stock options	24,220	16,402
Restricted stock units	9,826	—
ESPP	280	—
Earn-out shares	12,500	12,500
Total anti-dilutive shares	46,826	28,902