Earnings (Loss) per Share

3 Months Ended

Mar. 31, 2022

Basic and diluted net income (loss) per share were calculated as follows (in thousands, except per share data):


	Three Months Ended March 31,
	2022		2021
Numerator:
Net income (loss), basic	$	203,408	$	(222,719)
Interest on convertible notes, net	3,403		—
Net income (loss), dilutive	206,811		(222,719)
Denominator:
Weighted average number of common shares outstanding, basic	76,457		73,035
Effect of dilutive securities	4,254		—
Weighted average number of common shares outstanding, dilutive	80,711		73,035
Net income (loss) per share:
Basic	$	2.66	$	(3.05)
Diluted	$	2.56	$	(3.05)

Anti-dilutive securities excluded from calculations of diluted net income (loss) per share	1,474		8,659