NET INCOME (LOSS) PER SHARE (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Earnings Per Share, Basic and Diluted

The following table sets forth the computation of basic and diluted net income (loss) per common share for the periods indicated (in thousands, except per share data):


	Year ended December 31,
	2023		2022		2021
Numerator:
Income (loss) from continuing operations	$	(307,842)	$	(35,236)	$	171,791


Less: Preferred stock dividends—declared and accumulated	—		1,697		729
Undistributed income (loss) from continuing operations	(307,842)		(36,933)		171,062
Less: Undistributed income allocated to participating securities	—		—		16,409
Net income (loss) from continuing operations attributable to common stockholders	$	(307,842)	$	(36,933)	$	154,653

Income from discontinued operations	$	—	$	—	$	217,581


Less: Undistributed income allocated to participating securities	—		—		20,870
Net income from discontinued operations attributable to common stockholders	—		—		196,711
Net income (loss) attributable to common stockholders	$	(307,842)	$	(36,933)	$	351,364

Denominator:


Weighted average shares of common shares outstanding—basic	45,214		44,323		42,981
Effect of dilutive securities:
Restricted stock awards	—		—		351
Weighted average shares of common shares outstanding—diluted	45,214		44,323		43,332

Net income (loss) from continuing operations per share of common stock:
Basic	$	(6.81)	$	(0.83)	$	3.60
Diluted	$	(6.81)	$	(0.83)	$	3.57
Net income from discontinued operations per share of common stock:
Basic	$	—	$	—	$	4.58
Diluted	$	—	$	—	$	4.54
Net income (loss) per share of common stock:
Basic	$	(6.81)	$	(0.83)	$	8.18
Diluted	$	(6.81)	$	(0.83)	$	8.11

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following shares were excluded from the calculation of diluted shares outstanding as their effect would have been anti-dilutive (in thousands):


	Year ended December 31,
	2023	2022	2021
Restricted stock units	984	781	170
Employee stock purchase plan	186	116	24