Annual report pursuant to Section 13 and 15(d)

NET (LOSS) INCOME PER SHARE

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NET (LOSS) INCOME PER SHARE
12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
NET (LOSS) INCOME PER SHARE NET (LOSS) INCOME PER SHARE
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