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Basic and Diluted Earnings (Loss) per Share | 12 Months Ended
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Dec. 31, 2023
Earnings Per Share [Abstract] |
Basic and Diluted Earnings (Loss) per Share | (12) Basic and Diluted Earnings (Loss) per Share The following table sets forth the computation of basic and diluted earnings (loss) per share (in thousands, except per share data) for the periods indicated:
|  | Years Ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Numerator: |  |  |  |  |  |  |  |  |
Net income (loss) - Basic |  | $ | 429,121 |  |  | $ | (1,469,797 | ) |  | $ | (535,480 | )
Effect of dilutive shares on net income (loss): |  |  |  |  |  |  |  |  |
Interest expense on 2025 Convertible Notes, net of tax |  |  | 5,648 |  |  |  | 0 |  |  |  | 0 |
Interest expense on 2027 Convertible Notes, net of tax |  |  | 2,874 |  |  |  | 0 |  |  |  | 0 |
Net income (loss) - Diluted |  | $ | 437,643 |  |  | $ | (1,469,797 | ) |  | $ | (535,480 | )
Denominator: |  |  |  |  |  |  |  |  |
Weighted average common shares of class A common stock |  |  | 11,707 |  |  |  | 9,357 |  |  |  | 8,056 |
Weighted average common shares of class B common stock |  |  | 1,964 |  |  |  | 1,964 |  |  |  | 1,964 |
Total weighted average shares of common stock outstanding - Basic |  |  | 13,671 |  |  |  | 11,321 |  |  |  | 10,020 |
Effect of dilutive shares on weighted average common shares outstanding: |  |  |  |  |  |  |  |  |
Stock options |  |  | 461 |  |  |  | 0 |  |  |  | 0 |
Restricted stock units |  |  | 54 |  |  |  | 0 |  |  |  | 0 |
Performance stock units |  |  | 13 |  |  |  | 0 |  |  |  | 0 |
Employee stock purchase plan |  |  | 1 |  |  |  | 0 |  |  |  | 0 |
2025 Convertible Notes |  |  | 1,633 |  |  |  | 0 |  |  |  | 0 |
2027 Convertible Notes |  |  | 733 |  |  |  | 0 |  |  |  | 0 |
Total weighted average shares of common stock outstanding - Diluted |  |  | 16,566 |  |  |  | 11,321 |  |  |  | 10,020 |
Earnings (loss) per share: |  |  |  |  |  |  |  |  |
Basic earnings (loss) per share (1) |  | $ | 31.39 |  |  | $ | (129.83 | ) |  | $ | (53.44 | )
Diluted earnings (loss) per share (1) |  | $ | 26.42 |  |  | $ | (129.83 | ) |  | $ | (53.44 | )
(1) Basic and fully diluted earnings (loss) per share for class A and class B common stock are the same. The following weighted average shares of potential class A common stock were excluded from the diluted earnings (loss) per share calculation because their impact would have been anti-dilutive (in thousands):
|  | Years Ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Stock options |  |  | 590 |  |  |  | 1,462 |  |  |  | 1,233 |
Restricted stock units |  |  | 30 |  |  |  | 119 |  |  |  | 95 |
Performance stock units |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Employee stock purchase plan |  |  | 5 |  |  |  | 6 |  |  |  | 2 |
2025 Convertible Notes |  |  | 0 |  |  |  | 1,633 |  |  |  | 1,633 |
2027 Convertible Notes |  |  | 0 |  |  |  | 733 |  |  |  | 635 |
Total |  |  | 625 |  |  |  | 3,953 |  |  |  | 3,598 |

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