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NET (LOSS) INCOME PER SHARE (Tables) | 9 Months Ended
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Sep. 30, 2022
Earnings Per Share [Abstract] |
Schedule of computation of net (loss) income per share | The computation of net (loss) income per share is as follows (in thousands, except per share amounts):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Basic net (loss) income per share: |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |
Net (loss) income | $ | (544,635) |  |  | $ | 406,100 |  |  | $ | (2,067,948) |  |  | $ | 2,783,912 |
Less: Income allocated to participating securities | — |  |  | (3,757) |  |  | — |  |  | (542,122) |
Net (loss) income attributable to common stockholders, basic | $ | (544,635) |  |  | $ | 402,343 |  |  | $ | (2,067,948) |  |  | $ | 2,241,790 |
Denominator |  |  |  |  |  |  |
Weighted-average shares of common stock used to compute net (loss) income per share attributable to common stockholders, basic | 223,916 |  |  | 209,604 |  |  | 220,816 |  |  | 165,045 |
Net (loss) income per share attributable to common stockholders, basic | $ | (2.43) |  |  | $ | 1.92 |  |  | $ | (9.37) |  |  | $ | 13.58 |
Diluted net (loss) income per share: |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |
Net (loss) income | $ | (544,635) |  |  | $ | 406,100 |  |  | $ | (2,067,948) |  |  | $ | 2,783,912 |
Less: Income allocated to participating securities | — |  |  | (3,167) |  |  | — |  |  | (448,463) |
Add: Interest on convertible notes, net of tax | — |  |  | 3,087 |  |  | — |  |  | 3,638 |
Less: Fair value gain on contingent consideration arrangement, net of tax | — |  |  | (680) |  |  | (5,395) |  |  | (680) |
Net (loss) income attributable to common stockholders, diluted | $ | (544,635) |  |  | $ | 405,340 |  |  | $ | (2,073,343) |  |  | $ | 2,338,407 |
Denominator |  |  |  |  |  |  |
Weighted-average shares of common stock used to compute net (loss) income per share attributable to common stockholders, basic | 223,916 |  |  | 209,604 |  |  | 220,816 |  |  | 165,045 |
Weighted-average effect of potentially dilutive securities: |  |  |  |  |  |  |
Stock options | — |  |  | 33,122 |  |  | — |  |  | 38,419 |
RSUs | — |  |  | 3,924 |  |  | — |  |  | 3,604 |
Restricted common stock | — |  |  | 5 |  |  | — |  |  | 3 |
Warrants | — |  |  | — |  |  | — |  |  | 97 |
Convertible notes | — |  |  | 3,880 |  |  | — |  |  | 1,883 |
Contingent consideration | — |  |  | 1 |  |  | 40 |  |  | 1 |
Weighted-average shares of common stock used to compute net (loss) income per share attributable to common stockholders, diluted | 223,916 |  |  | 250,536 |  |  | 220,856 |  |  | 209,052 |
Net (loss) income per share attributable to common stockholders, diluted | $ | (2.43) |  |  | $ | 1.62 |  |  | $ | (9.39) |  |  | $ | 11.19 |
Schedule of potentially dilutive shares | The following potentially dilutive shares were not included in the calculation of diluted shares outstanding as the effect would have been anti-dilutive (in thousands):
| Three Months Ended September 30 |  | Nine Months Ended September 30
| 2022 |  | 2021 |  | 2022 |  | 2021
Stock options | 33,411 |  |  | 6,134 |  |  | 33,411 |  |  | 6,134 |
RSUs | 6,854 |  |  | 107 |  |  | 6,854 |  |  | 107 |
Convertible notes | 3,880 |  |  | — |  |  | 3,880 |  |  | — |
Restricted common stock | 1,740 |  |  | 65 |  |  | 1,740 |  |  | 65 |
ESPP | 1,030 |  |  | 284 |  |  | 1,030 |  |  | 284 |
Contingent consideration | 76 |  |  | — |  |  | — |  |  | — |
Total | 46,991 |  |  | 6,590 |  |  | 46,915 |  |  | 6,590 |

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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