Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

v3.22.1
Earnings Per Share
12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Basic and diluted net loss per share (“EPS”) is computed by dividing net loss by the weighted-average number of outstanding shares during the period.
The weighted average outstanding shares may include potentially dilutive options. Diluted net loss per share applicable to stockholders includes the effects of potentially dilutive units. For the years ended December 31, 2021, 2020, and 2019 there were 6,360,367, 3,755,942, and 3,713,047 potentially dilutive awards, respectively, which were excluded from the calculations of diluted EPS because including them would have had an anti-dilutive effect.
Basic and diluted EPS for the years ended December 31, 2021 and 2020 were:
Year Ended December 31,
2021 2020 2019
(in thousands, except per share data)
Numerator:
Net loss $ (21,303) $ (92,077) $ (70,463)
Denominator:
Weighted average shares outstanding - basic 60,821,472 57,168,291 57,168,291
Effect of dilutive options —  —  — 
Weighted average shares outstanding - diluted 60,821,472 57,168,291 57,168,291
Net loss per share:
Basic $ (0.35) $ (1.61) $ (1.23)
Diluted $ (0.35) $ (1.61) $ (1.23)