Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share (Tables)

v3.21.1
Earnings per Share (Tables)
3 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Net Income Per Share of Common Stock

The following table sets forth the computation of basic and diluted net income per share of common stock:

 

 

 

For the three months ended
March 31,

 

 

 

2021

 

 

2020

 

 

 

(in thousands)

 

Net loss available to common stockholders

 

$

(16,138

)

 

$

(10,456

)

Weighted average common shares outstanding — Basic

 

 

124,361

 

 

 

66,731

 

Effect of dilutive securities:

 

 

 

 

 

 

Common stock equivalents

 

 

 

 

 

 

Weighted average common shares outstanding — Diluted

 

 

124,361

 

 

 

66,731

 

Net loss per share available to common stockholders
   — Basic and Diluted

 

$

(0.13

)

 

$

(0.16

)

Schedule of Antidilutive Securities Excluded from Computation of Diluted Earnings Per Share

The following potential shares of common stock have been excluded from the computation of diluted earnings per share because their effect would have been antidilutive:

 

 

 

As of March 31,

 

 

 

2021

 

 

2020

 

 

 

(in thousands)

 

Stock options

 

 

126

 

 

 

 

Ares warrants

 

 

1,100

 

 

 

 

Public and Private warrants

 

 

17,333

 

 

 

 

Series A redeemable preferred stock

 

 

8,333

 

 

 

 

Restricted share units

 

 

1,511

 

 

 

184

 

Convertible bonds (par value)

 

 

 

 

 

51

 

Ares Put Option

 

 *

 

 

 

 

 

* Refer to description of this instrument in Note 8 below.