| Net Income (Loss) per Share, as restated |
10.
Net Income (Loss) per Share, as restated
Basic
income (loss) per share (“EPS”) is computed by dividing net income (loss) attributable to common stockholders by the weighted
average number of common shares outstanding during the period, excluding the effects of any potentially dilutive securities. Diluted
EPS gives effect to all dilutive potential shares of common stock outstanding during the period, including RSUs, using the treasury stock
method, unless the inclusion would be anti-dilutive.
The
computation of diluted EPS excludes the common stock equivalents of the following potentially dilutive securities because they were either
contingently issuable shares or because their inclusion would be anti-dilutive:
Schedule of Anti-dilutive Securities Excluded from Computation of Earnings per Share
| | |
| | |
| |
| | |
Three and Six Months Ended June 30, | |
| | |
2023 | | |
2022 | |
| RSUs | |
| 809,510 | | |
| 690,627 | |
The
following tables reconcile the numerators and denominators of the basic and diluted EPS computations:
Schedule
of Numerators and Denominators of the Basic and Diluted EPS Computations
| Three months ended June 30, 2023 | |
Income (Numerator) (in millions) | | |
Shares (Denominator) | | |
Per-Share Amount | |
| Basic EPS | |
| | | |
| | | |
| | |
| Income available to common stockholders | |
$ | 5.6 | | |
| 28,186,725 | | |
$ | 0.20 | |
| Effect of Dilutive Securities | |
| | | |
| | | |
| | |
| RSUs | |
| — | | |
| 886,353 | | |
$ | (0.01 | ) |
| Diluted EPS | |
| | | |
| | | |
| | |
| Income available to common stockholders | |
$ | 5.6 | | |
$ | 29,073,078 | | |
$ | 0.19 | |
| Six months ended June 30, 2023 | |
Income (Numerator) (in millions) | | |
Shares (Denominator) | | |
Per-Share Amount | |
| Basic EPS | |
| | | |
| | | |
| | |
| Income available to common stockholders | |
$ | 4.2 | | |
| 28,081,041 | | |
$ | 0.15 | |
| Effect of Dilutive Securities | |
| | | |
| | | |
| | |
| RSUs | |
| — | | |
| 942,247 | | |
$ | (0.01 | ) |
| Diluted EPS | |
| | | |
| | | |
| | |
| Income available to common stockholders | |
$ | 4.2 | | |
$ | 29,023,288 | | |
$ | 0.14 | |
| Three months ended June 30, 2022 | |
Income (Numerator) (in millions) | | |
Shares (Denominator) | | |
Per-Share Amount | |
| Basic EPS | |
| | | |
| | | |
| | |
| Income available to common stockholders | |
$ | 6.4 | | |
| 28,426,248 | | |
$ | 0.23 | |
| Effect of Dilutive Securities | |
| | | |
| | | |
| | |
| RSUs | |
| — | | |
| 923,470 | | |
$ | (0.01 | ) |
| Diluted EPS | |
| | | |
| | | |
| | |
| Income available to common stockholders | |
$ | 6.4 | | |
$ | 29,349,718 | | |
$ | 0.22 | |
| Six months ended June 30, 2022 | |
Income (Numerator) (in millions) | | |
Shares (Denominator) | | |
Per-Share Amount | |
| Basic EPS | |
| | | |
| | | |
| | |
| Income available to common stockholders | |
$ | 7.9 | | |
| 28,431,576 | | |
$ | 0.28 | |
| Effect of Dilutive Securities | |
| | | |
| | | |
| | |
| RSUs | |
| — | | |
| 1,014,950 | | |
$ | (0.01 | ) |
| Diluted EPS | |
| | | |
| | | |
| | |
| Income available to common stockholders | |
$ | 7.9 | | |
$ | 29,446,526 | | |
$ | 0.27 | |
The calculation of Basic EPS includes the effects of 1,932,560 and 1,599,634 shares for the three and six months ended June 30, 2023 and
2022, respectively, with respect to RSU awards that have vested but have not yet been issued.
|