NET INCOME (LOSS) PER SHARE (Tables)

The computation of Net income (loss) per share is as follows (in thousands, except per share amounts):


	Three Months Ended March 31,
	2024		2023
Basic Net income (loss) per share:
Numerator
Net income (loss)	$	1,176,245	$	(78,896)
Less: Income allocated to participating securities	(766)		—
Net income (loss) attributable to common stockholders, basic	$	1,175,479	$	(78,896)

Denominator
Weighted-average shares of common stock used to compute Net income (loss) per share attributable to common stockholders, basic	242,793		231,489
Net income (loss) per share attributable to common stockholders, basic	$	4.84	$	(0.34)

Diluted Net income (loss) per share:
Numerator
Net income (loss)	$	1,176,245	$	(78,896)
Less: Income allocated to participating securities	(697)		—
Add: Interest on convertible notes, net of tax	2,531		—

Net income (loss) attributable to common stockholders, diluted	$	1,178,079	$	(78,896)

Denominator
Weighted-average shares of common stock used to compute Net income (loss) per share attributable to common stockholders, basic	242,793		231,489
Weighted-average effect of potentially dilutive securities:
Stock options	18,534		—
Convertible notes	4,145		—
RSUs	2,164		—

Restricted common stock	309		—


Weighted-average shares of common stock used to compute Net income (loss) per share attributable to common stockholders, diluted	267,945		231,489
Net income (loss) per share attributable to common stockholders, diluted	$	4.40	$	(0.34)

The following potentially dilutive shares were not included in the calculation of diluted shares outstanding as the effect would have been anti-dilutive (in thousands):


	March 31,
	2024	2023
Stock options	6,671	31,274
ESPP	733	822
PRSUs	322	—
RSUs	292	10,592
Restricted common stock	242	1,004
Convertible notes	—	3,880
Contingent consideration	—	76

Total	8,260	47,648