v3.24.2
NET INCOME (LOSS) PER SHARE (Tables)
 6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Net Income (Loss) Per Share
The following table presents the computation of basic and diluted net income (loss) per share for the periods presented:
Three Months Ended
June 30,		Six Months Ended
June 30,
2024202320242023
(In thousands, except per share data)
Numerator:
Net income (loss)$10,833 $157,191 $(5,264)$304,064 
Convertible senior notes interest and financing costs, net of tax— 1,651 — 3,255 
Adjusted net income (loss)$10,833 $158,842 $(5,264)$307,319 
Denominator:
Shares used in basic per share amounts:
Weighted average common shares outstanding135,646 136,607 135,768 136,650 
Shares used in diluted per share amounts:
Weighted average common shares outstanding used for basic calculation135,646 136,607 135,768 136,650 
Effect of dilutive securities:
Employee stock-based awards374 1,760 — 2,155 
Notes due 2023— 900 — 900 
Notes due 2025— 1,253 — 1,253 
2025 Warrants
103 503 — 575 
Notes due 2026— 2,057 — 2,057 
Notes due 2028— 2,018 — 2,018 
Weighted average common shares outstanding for diluted calculation136,123 145,098 135,768 145,608 
Basic and diluted net income (loss) per share
Net income (loss) per share, basic$0.08 $1.15 $(0.04)$2.23 
Net income (loss) per share, diluted$0.08 $1.09 $(0.04)$2.11 
Schedule of Potentially Dilutive Securities Excluded from the Computation of Diluted Net Income (Loss) Per Share
The following outstanding shares of common stock equivalents were excluded from the calculation of the diluted net income (loss) per share attributable to common stockholders because their effect would have been antidilutive:
Three Months Ended
June 30,		Six Months Ended
June 30,
2024202320242023
(In thousands)
Employee stock-based awards1,435 1,226 1,515 1,006 
2025 Warrants
— — 104 — 
Notes due 20282,018 — 2,018 — 
2028 Warrants4,877 2,477 4,871 2,046 
Notes due 20262,057 — 2,057 — 
2026 Warrants4,971 2,524 4,964 2,085 
Notes due 20251,253 — 1,253 — 
Total16,611 6,227 16,782 5,137