Annual report pursuant to Section 13 and 15(d)

NET (LOSS) INCOME PER SHARE

NET (LOSS) INCOME PER SHARE

12 Months Ended

Dec. 31, 2022

Basic net (loss) income per common share is computed by dividing the net (loss) income relevant to the common stockholders by the weighted-average number of shares outstanding during the year. Diluted net (loss) income per common share uses the same net (loss) income divided by the sum of the weighted-average number of shares of common stock outstanding during the period, plus dilutive effects of options, performance stock units and restricted stock units outstanding during the period calculated using the treasury method and the potential dilutive effects of preferred stocks (if any) calculated using the if-converted method.


(In thousands, except for per share data)
	Year Ended December 31,
	2022		2021		2020
Numerator (both basic and diluted)
Net income (loss) relevant to common stockholders	$	2,030	$	(54,185)	$	(107,020)

Denominator
Denominator for basic net income (loss) per share	105,868		102,655		100,829
Dilutive effect of stock options	80		—		—
Dilutive effect of performance stock units	506		—		—
Dilutive effect of restricted stock units	484		—		—
Denominator for diluted net income (loss) per share	106,939		102,655		100,829

Basic net income (loss) per common share	$	0.02	$	(0.53)	$	(1.06)
Diluted net income (loss) per common share	$	0.02	$	(0.53)	$	(1.06)

As shown in the table below, the following stock options, restricted stock units and performance stock units outstanding as of December 31, 2022, 2021 and 2020 have not been included in the calculation of diluted (loss) income per common share for the years ended December 31, 2022, 2021 and 2020 because they would be anti-dilutive to the calculation of diluted net (loss) income per common share:


(In thousands)
	2022	2021	2020
Stock options	491	798	4,200
Restricted stock units	12	1,413	1,165
Performance stock units	—	1,586	1,019
Total	503	3,797	6,384