Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following is a summary of Lexicon’s earnings (loss) per share calculations and reconciliations of the numerators and the denominators of the basic and diluted per share calculations.

	Year Ended December 31,
(In thousands, except per share amounts)	2021		2020		2019
Numerator:
Net income (loss)	$	(87,758)	$	(58,574)	$	130,133
Add interest expense on Convertible Notes	—		—		5,067
Adjusted net income (loss)	$	(87,758)	$	(58,574)	$	135,200
Denominator:
Shares used in computing net income (loss) per common share, basic	145,652		110,841		106,218
Add effect of potential dilutive securities
Share based awards	—		—		164
Convertible Notes	—		—		10,365
Shares used in computing net income (loss) per common share, diluted	145,652		110,841		116,747
Net income (loss) per share - basic	$	(0.60)	$	(0.53)	$	1.23
Net income (loss) per share - diluted	$	(0.60)	$	(0.53)	$	1.16