v3.25.4
NET INCOME (LOSS) PER COMMON SHARE (Tables)
 12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table sets forth the computation of basic and diluted net income (loss) per share:
Years Ended December 31,
(In thousands, except per share amounts)
202520242023
Net income (loss), as reported$313,747 $(278,157)$(440,242)
Adjustment for the elimination of interest expense on the convertible debt
— — — 
Net income (loss), for use in diluted income per share$313,747 $(278,157)$(440,242)
Weighted-average common shares — basic
131,004 127,651 124,906 
Effect of dilutive securities:
Options to purchase common stock, inclusive of performance-based stock options2,265 — — 
Restricted stock units, inclusive of performance-based restricted stock units
1,407 — — 
Employee stock purchase program
8 — — 
Weighted-average common shares — diluted
134,684 127,651 124,906 
Net income (loss) per common share — basic$2.39 $(2.18)$(3.52)
Net income (loss) per common share — diluted$2.33 $(2.18)$(3.52)
Schedule of Common Shares Excluded from the Calculation of Diluted Net Loss Per Common Share
The following table sets forth the potential common shares excluded from the calculation of diluted net loss per common share because their inclusion would be anti-dilutive:
Years Ended December 31,
(In thousands)202520242023
Options to purchase common stock, inclusive of performance-based stock options118 5,136 7,422 
Restricted stock units, inclusive of performance-based restricted stock units
7 2,679 2,058 
Convertible debt3,238 3,616 3,616 
Total3,363 11,431 13,096