| Schedule of Antidilutive Securities Excluded from Computation of Diluted Income Per Share |
The following table presents the total potential securities that were not included in the computation of diluted income (loss) per share, as their inclusion would have been anti-dilutive:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | | 2024 | | 2023 | | 2024 | | 2023 | | | | Warrants | | 324,375 | | | 324,375 | | | 324,375 | | | 324,375 | | | | | Restricted stock units | | 8,064,856 | | | 3,753,431 | | | — | | | — | | | | Performance-based restricted stock units (1) | | 5,614,236 | | | — | | | — | | | — | | | | | Convertible notes | | 20,224,952 | | | 4,341,422 | | | 20,224,952 | | | 4,341,422 | | | | | Series A Preferred Stock | | — | | | 249,066 | | | — | | | 331,145 | | | | | Total dilutive shares | | 34,228,419 | | | 8,668,294 | | | 20,549,327 | | | 4,996,942 | | | |
(1) Anti-dilutive performance-based restricted stock units are presented at 200% as the total potential vested shares. Refer to Note 13 - Stock-based Compensation, for further information.
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| Schedule of Computation of Basic and Diluted Income (Loss) Per Share |
The following table sets forth the computation of basic and diluted income (loss) per share:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | (in thousands, except share and per share data) | | 2024 | | 2023 | | 2024 | | 2023 | | | Basic earnings per share of common stock: | | | | | | | | | | | Net income (loss) per share of common stock - basic | | $ | (124,789) | | | $ | (390) | | | $ | 12,725 | | | $ | 107,226 | | | | Weighted average shares of common stock - basic | | 294,942,685 | | | 179,602,722 | | | 277,643,666 | | | 169,162,821 | | | | Net income (loss) per share of common stock - basic | | $ | (0.42) | | | $ | — | | | $ | 0.05 | | | $ | 0.63 | | | | | | | | | | | | | | | Diluted earnings per share of common stock: | | | | | | | | | | | Net income (loss) per share of common stock - basic | | $ | (124,789) | | | $ | (390) | | | $ | 12,725 | | | $ | 107,226 | | | | | Add: Notes interest expense, net of tax | | — | | | 938 | | | — | | | 3,416 | | | | Less: Gain from extinguishment of debt, net of tax | | — | | | (62,910) | | | — | | | (62,910) | | | | | | | | | | | | | | | Net income (loss) per share of common stock - diluted | | $ | (124,789) | | | $ | (62,362) | | | $ | 12,725 | | | $ | 47,732 | | | | Weighted average shares of common stock - basic | | 294,942,685 | | | 179,602,722 | | | 277,643,666 | | | 169,162,821 | | | | | Restricted stock units | | — | | | — | | | 4,426,110 | | | 209,813 | | | | | Performance-based restricted stock units | | — | | | — | | | 581,258 | | | — | | | | | Convertible notes | | — | | | 4,134,048 | | | — | | | 5,020,474 | | | | | | | | | | | | | | | Weighted average shares of common stock - diluted | | 294,942,685 | | | 183,736,770 | | | 282,651,034 | | | 174,393,108 | | | | Net income (loss) per share of common stock - diluted | | $ | (0.42) | | | $ | (0.34) | | | $ | 0.05 | | | $ | 0.27 | | | |
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