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NET INCOME PER SHARE | 3 Months Ended
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Mar. 31, 2024
Earnings Per Share [Abstract] |
NET INCOME PER SHARE | NET INCOME PER SHARE Basic net income (loss) per share is computed by dividing the net loss by the weighted-average number of shares of common stock outstanding during the period. Diluted net income (loss) per share is computed by dividing net income (loss) by the weighted-average number of shares of common stock outstanding adjusted for the dilutive effect of all potential shares of common stock. In periods when the Company reported a net loss, diluted net loss per share is the same as basic net loss per share because the effects of potentially dilutive items were anti-dilutive. The following table presents the calculation of basic and diluted net income (loss) per share (in thousands, except per share data):
| Three Months Ended March 31, |  |
2024 |  | 2023 |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income | $ | 470,820 |  |  | $ | 95,828 |  |  |  |  |
Less: Net loss attributable to noncontrolling interests | (1,185) |  |  | (2,488) |  |  |  |  |
Net income attributable to common stockholders | $ | 472,005 |  |  | $ | 98,316 |  |  |  |  |
Denominator: |  |  |  |  |  |  |
Basic shares: |  |  |  |  |  |  |
Weighted-average shares used to compute basic net income per share | 616,401 |  |  | 602,234 |  |  |  |  |
Diluted shares: |  |  |  |  |  |  |
Stock options, restricted stock, and employee stock purchase plan | 8,851 |  |  | 7,164 |  |  |  |  |
Convertible notes | 12,108 |  |  | 14,181 |  |  |  |  |
Common stock warrants | — |  |  | — |  |  |  |  |
Weighted-average shares used to compute diluted net income per share | 637,360 |  |  | 623,579 |  |  |  |  |
Basic | $ | 0.77 |  |  | $ | 0.16 |  |  |  |  |
Diluted | $ | 0.74 |  |  | $ | 0.16 |  |  |  |  |
The following potential common shares were excluded from the calculation of diluted net income (loss) per share because their effect would have been anti-dilutive for the periods presented (in thousands):
| Three Months Ended March 31, |  |
| 2024 |  | 2023 |  |  |  |
Stock options, restricted stock, and employee stock purchase plan | 35,006 |  |  | 29,655 |  |  |  |  |
Convertible notes | — |  |  | 3,844 |  |  |  |  |
Common stock warrants | 12,108 |  |  | 23,188 |  |  |  |  |
Total anti-dilutive securities | 47,114 |  |  | 56,687 |  |  |  |  |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-3 + Details
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