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NET INCOME (LOSS) PER SHARE (Tables) | 3 Months Ended
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Mar. 31, 2024
Earnings Per Share [Abstract] |
Schedule of computation of net (loss) income per share | The computation of Net income (loss) p er share is as follows (in thousands, except per share amounts):
| Three Months Ended March 31,
| 2024 |  | 2023 |  |  |  |  |
Basic Net income (loss) per share: |  |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |  |
Net income (loss) | $ | 1,176,245 |  |  | $ | (78,896) |  |  |  |  |  |
Less: Income allocated to participating securities | (766) |  |  | — |  |  |  |  |  |
Net income (loss) attributable to common stockholders, basic | $ | 1,175,479 |  |  | $ | (78,896) |  |  |  |  |  |
Denominator |  |  |  |  |  |  |  |
Weighted-average shares of common stock used to compute Net income (loss) per share attributable to common stockholders, basic | 242,793 |  |  | 231,489 |  |  |  |  |  |
Net income (loss) per share attributable to common stockholders, basic | $ | 4.84 |  |  | $ | (0.34) |  |  |  |  |  |
Diluted Net income (loss) per share: |  |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |  |
Net income (loss) | $ | 1,176,245 |  |  | $ | (78,896) |  |  |  |  |  |
Less: Income allocated to participating securities | (697) |  |  | — |  |  |  |  |  |
Add: Interest on convertible notes, net of tax | 2,531 |  |  | — |  |  |  |  |  |
Net income (loss) attributable to common stockholders, diluted | $ | 1,178,079 |  |  | $ | (78,896) |  |  |  |  |  |
Denominator |  |  |  |  |  |  |  |
Weighted-average shares of common stock used to compute Net income (loss) per share attributable to common stockholders, basic | 242,793 |  |  | 231,489 |  |  |  |  |  |
Weighted-average effect of potentially dilutive securities: |  |  |  |  |  |  |  |
Stock options | 18,534 |  |  | — |  |  |  |  |  |
Convertible notes | 4,145 |  |  | — |  |  |  |  |  |
RSUs | 2,164 |  |  | — |  |  |  |  |  |
Restricted common stock | 309 |  |  | — |  |  |  |  |  |
Weighted-average shares of common stock used to compute Net income (loss) per share attributable to common stockholders, diluted | 267,945 |  |  | 231,489 |  |  |  |  |  |
Net income (loss) per share attributable to common stockholders, diluted | $ | 4.40 |  |  | $ | (0.34) |  |  |  |  |  |
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):
| March 31,
| 2024 |  | 2023 |  |  |  |
Stock options | 6,671 |  |  | 31,274 |  |  |  |  |
ESPP | 733 |  |  | 822 |  |  |  |  |
PRSUs | 322 |  |  | — |  |  |  |  |
RSUs | 292 |  |  | 10,592 |  |  |  |  |
Restricted common stock | 242 |  |  | 1,004 |  |  |  |  |
Convertible notes | — |  |  | 3,880 |  |  |  |  |
Contingent consideration | — |  |  | 76 |  |  |  |  |
Total | 8,260 |  |  | 47,648 |  |  |  |  |

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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 -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + 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 -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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