Income (Loss) Per Common Share (Tables)

3 Months Ended

Mar. 31, 2022

Computation of Basic and Diluted Net Income (Loss) Per Common Share

	Three Months Ended
	March 31,
	2022		2021
	(In Thousands, Except Per Share Amounts)
Numerator:
Net income (loss)	$	58,766	$	(13,279	)
Adjustments for basic income (loss) per common share:
Dividend requirements on Series E Redeemable Preferred		—		(9,511	)
Dividend requirements on Series B Preferred		—		(60	)
Dividend requirements on Series D Preferred		—		(15	)
Accretion of Series E Redeemable Preferred		—		(511	)
Numerator for basic and diluted net income (loss) per common share	$	58,766	$	(23,376	)

Denominator:
Denominator for basic net income (loss) per common share - adjusted weighted-average shares (1)		88,421		36,850
Effect of dilutive securities:
Unvested restricted stock and stock units		1,345		—
Dilutive potential common shares		1,345		—
Denominator for diluted net income (loss) per common share - adjusted weighted-average shares		89,766		36,850

Basic net income (loss) per common share	$	0.66	$	(0.63	)

Diluted net income (loss) per common share	$	0.65	$	(0.63	)

(1)

Excludes the weighted-average shares of unvested restricted stock that are contingently issuable.

Antidilutive Securities Excluded from Computation of Diluted Net Loss Per Common Share

The following weighted-average shares of securities were not included in the computation of diluted net loss per common share as their effect would have been antidilutive:

	Three Months Ended
	March 31,
	2022		2021
Restricted stock and stock units		—		2,247,887
Convertible preferred stocks		—		1,191,666
Series E Redeemable Preferred - embedded derivative		—		303,646
Stock options		13,000		107,652
		13,000		3,850,851