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NET INCOME (LOSS) PER SHARE (Tables)

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Schedule of computation of net (loss) income per share

The computation of Net income (loss) per 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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- References

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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

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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
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