Note 16 - Weighted Average Shares Outstanding and Net Income (Loss) Per Share

3 Months Ended

Mar. 31, 2022

Notes to Financial Statements

Earnings Per Share [Text Block]

16.  Weighted Average Shares Outstanding and Net Income (Loss) Per Share

The following table presents a reconciliation of the weighted average shares of common stock used in calculating basic and diluted net income (loss) per share as well as the calculation of basic and diluted net income (loss) per share:

		Three Months Ended March 31,
(in thousands, except per share amounts)	2022			2021
Numerator (basic and diluted)
Net loss from continuing operations allocated to common shareholders	$	(19,035	)	$	(63,273	)
Net income (loss) from discontinued operations allocated to common shareholders		6,096			(2,922	)
Net loss allocated to common shareholders	$	(12,939	)	$	(66,195	)

Denominator
Weighted average common shares outstanding, basic	45,730	45,697
Weighted average common shares outstanding, diluted	45,730	45,697

Basic:
Net loss from continuing operations per share	$	(0.42	)	$	(1.38	)
Net income (loss) from discontinued operations per share		0.13			(0.07	)
Net loss per share	$	(0.29	)	$	(1.45	)

Diluted:
Net loss from continuing operations per share	$	(0.42	)	$	(1.38	)
Net income (loss) from discontinued operations per share		0.13			(0.07	)
Net loss per share	$	(0.29	)	$	(1.45	)

Due to the net loss from continuing operations for the three months ended  March 31, 2022 and 2021, RSUs representing 554,000 and 554,000 shares, respectively, and the potential dilution from the 2.75% Convertible Notes converting into 7,309,000 shares of common stock (see Note 1) for both periods have been excluded from the number of shares used in calculating diluted net loss per share, as their inclusion would have been antidilutive.