NET INCOME (LOSS) PER SHARE (Tables)

3 Months Ended

Mar. 31, 2025

Schedule of Computation of Basic and Diluted Net Income Per Share

The following table presents the computation of basic and diluted net income (loss) per share for the periods presented:


	Three Months Ended March 31,
		2025		2024

		(In thousands, except per share data)
Numerator:
Net income (loss)		$	29,730	$	(16,097)

Notes due 2028 and Notes due 2026 financing costs, net		605		—

Adjusted net income (loss)		$	30,335	$	(16,097)

Denominator:
Shares used in basic per share amounts:
Weighted average common shares outstanding		131,869		135,891

Shares used in diluted per share amounts:
Weighted average common shares outstanding used for basic calculation		131,869		135,891
Effect of dilutive securities:
Employee stock-based awards		264		—





Notes due 2026		2,057		—

Notes due 2028		2,018		—

Weighted average common shares outstanding for diluted calculation		136,208		135,891

Basic and diluted net income (loss) per share
Net income (loss) per share, basic		$	0.23	$	(0.12)
Net income (loss) per share, diluted		$	0.22	$	(0.12)

Schedule of Potentially Dilutive Securities Excluded from the Computation of Diluted Net Income 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 March 31,
		2025	2024

		(In thousands)



Employee stock-based awards		3,071	1,656

Notes due 2025		323	1,253
Notes due 2026		—	2,057
2026 Warrants		10,879	4,958
Notes due 2028		—	2,018
2028 Warrants		10,675	4,865
Total		24,948	16,807