(Loss) Per Share

3 Months Ended

Mar. 31, 2022

Note 4. (Loss) Per Share

Basic and diluted (loss) per share is as follows (in thousands, except per share data):


	Quarter Ended March 31,
	2022		2021
Net (Loss) for basic and diluted loss per share	$	(1,167,142)	$	(1,131,722)
Weighted-average common shares outstanding	254,821		243,004
Diluted weighted-average shares outstanding	254,821		243,004
Basic (loss) per share	$	(4.58)	$	(4.66)
Diluted (loss) per share	$	(4.58)	$	(4.66)

Basic loss per share is computed by dividing Net Loss by the weighted-average number of common stock outstanding during each period. Diluted loss per share incorporates the incremental shares issuable upon the assumed exercise of stock options and conversion of potentially dilutive securities. As we had net losses for the three months ended March 31, 2022 and March 31, 2021, all potential common shares were determined to be antidilutive, resulting in the same basic and diluted net loss per share amounts for both these periods. There were approximately 23,407,179 and 413,501 antidilutive shares for the quarters ended March 31, 2022 and March 31, 2021, respectively.

Effective January 1, 2022, ASU 2020-06 eliminated the treasury stock method and instead required the application of the if-converted method to calculate the impact of convertible instruments on diluted earnings per share when the instruments may be settled in cash or shares. Under the if-converted method, shares related to our convertible notes, to the extent dilutive, are assumed to be converted into common stock at the beginning of the reporting period. The required use of the if-converted

method did not impact our diluted net loss per share as the Company was in a net loss position. For further information regarding the adoption of ASU 2020-06, refer to Note 2. Summary of Significant Accounting Policies.