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Net Income (Loss) Per Share | 9 Months Ended
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Sep. 30, 2025
Earnings Per Share [Abstract] |
Net Income (Loss) Per Share | Net Income (Loss) Per Share The following table is a reconciliation between net income (loss) and the amounts used to compute basic and diluted net income (loss) per share and the weighted average shares outstanding used to compute basic and diluted net income (loss) per share. Potentially dilutive securities include shares issuable upon conversion of our 3.125% Convertible Senior Notes using the if-converted method and restricted stock units awards under our equity-based compensation plan.
| Three Months Ended |  | Nine Months Ended
| September 30, |  | September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
| (In thousands, except per share data)
Numerator: |  |  |  |  |  |  |
Net income (loss) allocable to common stockholders | $ | (124,299) |  |  | $ | 44,974 |  |  | $ | (322,645) |  |  | $ | 196,430 |
Denominator: |  |  |  |  |  |  |
Weighted average number of shares outstanding: |  |  |  |  |  |  |
Basic | 478,254 |  |  | 471,816 |  |  | 477,344 |  |  | 470,491 |
Restricted stock units(1) | — |  |  | 7,374 |  |  | — |  |  | 8,210 |
Shares issuable assuming conversion of 3.125% Convertible Senior Notes(2) | — |  |  | — |  |  | — |  |  | — |
Diluted | 478,254 |  |  | 479,190 |  |  | 477,344 |  |  | 478,701 |
Net income (loss) per share: |  |  |  |  |  |  |
Basic | $ | (0.26) |  |  | $ | 0.10 |  |  | $ | (0.68) |  |  | $ | 0.42 |
Diluted | $ | (0.26) |  |  | $ | 0.09 |  |  | $ | (0.68) |  |  | $ | 0.41 |
__________________________________ (1)We excluded restricted stock units of 5.4 million and 3.1 million for the three months ended September 30, 2025 and 2024, respectively, and 5.7 million and 2.8 million for the nine months ended September 30, 2025 and 2024, respectively from the computations of diluted net income (loss) per share because the effect would have been anti-dilutive. (2)Represents the dilutive impact for the Company’s 3.125% Convertible Senior Notes due 2030. As of September 30, 2025, the if-converted value is less than the outstanding principal of the 3.125% Convertible Senior Notes and therefore anti-dilutive. The 3.125% Convertible Senior Notes are subject to a capped call arrangement that potentially reduces the dilutive effect. Any potential impact of the capped call arrangement is excluded from this table as any proceeds under the capped call arrangement are considered anti-dilutive.

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