Net Income Per Share (Tables)

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Computation of Basic and Diluted Net Income Per Share

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2023		2022		2023			2022
Numerator
Net income (loss)	$	14,293	$	63,809	$	(6,608	)	$	225,423
Less: undistributed earnings allocated to participating securities		-		-		-			(291	)
Net income (loss) attributable to common stockholders, basic		14,293		63,809		(6,608	)		225,132
Add: undistributed earnings allocated to participating securities		-		-		-			291
Less: removal of change in fair value of warrant liability		-		-		-			(1,801	)
Add: interest expense on convertible notes		1,268		1,262		-			3,780
Net income (loss) attributable to common stockholders, diluted	$	15,561	$	65,071	$	(6,608	)	$	227,402
Denominator
Weighted average common stock outstanding, basic		128,988		127,062		128,515			125,997
Effect of dilutive shares:
Stock-based compensation plans		3,665		2,933		-			2,784
Dilutive warrants		-		-		-			109
Convertible Notes (as converted to common stock)		21,543		21,543		-			21,543
Weighted average common stock outstanding, diluted		154,196		151,538		128,515			150,433

Outstanding Stock Options and Stock Awards Excluded from Calculation of Net Loss Per Share

The following were excluded from the calculation of diluted net income (loss) per share as the effect of their inclusion would have been anti-dilutive (in thousands).

	Three months ended September 30,				Nine months ended September 30,
	2023		2022		2023		2022
Outstanding securities not included in diluted net income (loss) per share calculation:
Stock options and stock awards		5,605		5,214		15,304		7,417
Convertible Notes (as converted to common stock)		-		-		21,543		-
Total		5,605		5,214		36,847		7,417