v3.25.0.1
Net Loss per Share
 12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Net Loss per Share Net Loss per Share
The Company presents both basic earnings per share (“EPS”) and diluted EPS. Basic EPS excludes potential dilution and is computed by dividing net loss by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if stock options were exercised, stock awards vested and if the 2028 Convertible Notes and 2025 Convertible Notes were converted. The potential dilution from stock awards is accounted for using the treasury stock method based on the average market value of the Company’s common stock. The potential dilution from conversion of the 2028 Convertible Notes and 2025 Convertible Notes is accounted for using the if-converted method, which requires that all of the shares of the Company’s common stock issuable upon conversion of the 2028 Convertible Notes and the 2025 Convertible Notes will be included in the calculation of diluted EPS assuming conversion of the 2028 Convertible Notes and the 2025 Convertible Notes at the beginning of the reporting period (or at time of issuance, if later).
The following table shows the calculations for the years ended December 31, 2024, 2023 and 2022 (in thousands, except per share amounts):
 202420232022
NET LOSS$(78,726)$(87,968)$(144,250)
Basic weighted average common shares outstanding126,658 125,502 124,217 
Diluted weighted average shares outstanding126,658 125,502 124,217 
Basic net loss per share$(0.62)$(0.70)$(1.16)
Diluted net loss per share$(0.62)$(0.70)$(1.16)
The following potential dilutive shares were excluded from the calculation of diluted net loss per share because their effect would be anti-dilutive for the years ended December 31, 2024, 2023 and 2022:
202420232022
Stock options490 460 199 
Restricted stock awards1,049 854 312 
2025 Convertible Notes5,538 5,538 5,538 
2028 Convertible Notes5,215 5,215 5,215 
In addition, 686,157 and 246,856 shares of PSU awards are excluded from the computation of diluted EPS for the years ended December 31, 2024 and 2023, respectively, as the contingency had not been satisfied.
The Capped Call Transactions are not reflected in diluted net loss per share as they are anti-dilutive. For further details on the Capped Call Transactions, please refer to Note 7. Debt.