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Net (Loss) Income Per Share (Tables)
9 Months Ended
Sep. 30, 2021
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table shows the calculations (in thousands, except net (loss) income per share amounts):
Three Months Ended September 30,Nine Months Ended September 30,
2021202020212020
Adjustment to net (loss) income for convertible notes in diluted EPS (1)
NET (LOSS) INCOME$(20,348)$2,557 $33,412 $(11,245)
Convertible note accretion, amortization, and interest, net of tax— 1,975 — — 
NET (LOSS) INCOME USED IN DILUTED EPS$(20,348)$4,532 $33,412 $(11,245)
Basic weighted average shares outstanding122,559 110,461 119,087 107,605 
Dilutive effect of stock options— 3,017 2,077 — 
Dilutive effect of restricted stock awards— 175 192 — 
Dilutive effect of Convertible Notes due 2025— 5,538 — — 
Diluted weighted average shares outstanding122,559 119,191 121,356 107,605 
Basic net (loss) income per share$(0.17)$0.02 $0.28 $(0.10)
Diluted net (loss) income per share$(0.17)$0.04 $0.28 $(0.10)
(1) This adjustment compensates for the effects of the if-converted impact of convertible notes in net income. Since an entity using the if-converted method assumes that a convertible debt instrument was converted into common shares at the beginning of the reporting period, net income is adjusted to reverse any recognized interest expense (including any amortization of discounts).
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
The following potential dilutive shares were excluded from the calculation of diluted net (loss) income per share because their effect would be anti-dilutive (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2021202020212020
Stock options1,811 — — 3,069 
Restricted stock awards201 — — 202 
2025 Convertible Notes5,538 — 5,538 3,113 
2028 Convertible Notes5,215 — 5,101 —