Net (Loss) Income Per Share (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Computation of Basic and Diluted Net (Loss) Income Per Share

The computation of the Company’s basic and diluted net (loss) income per share is as follows (in thousands, except per share amounts):


	Years Ended December 31,
	2023		2022		2021
Numerator:
Net (loss) income attributable to common stockholders	$	(1,604,497)	$	173,377	$	(79,423)
Debt discount amortization	—		2,258		—
Net (loss) income available to common stockholders	$	(1,604,497)	$	175,635	$	(79,423)
Denominator:
Weighted average shares used to compute net (loss) income per share attributable to common stockholders, basic	216,642		211,347		205,132
Weighted average effect of potentially dilutive shares to purchase common stock	—		7,810		—
Weighted average shares used to compute net (loss) income per share attributable to common stockholders, diluted	216,642		219,157		205,132
Net (loss) income per share attributable to common stockholders
Basic	$	(7.41)	$	0.82	$	(0.39)
Diluted	$	(7.41)	$	0.80	$	(0.39)

Schedule of Shares Excluded from Computation of Diluted Net (Loss) Income Per Share

The following shares were excluded from the computation of diluted net (loss) income per share as the impact of including those shares would be anti-dilutive (in thousands):


	Year Ended December 31,
	2023	2022	2021

Outstanding stock options	1,674	1,661	799
Unvested restricted stock units	7,398	2,863	1,448
Convertible Senior Notes (if converted)	2,544	—	3,128
Total	11,616	4,524	5,375