Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2023

The computation of basic and diluted earnings (loss) per share is as follows (in thousands, except per share amounts):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022*
Numerator:
Net income (loss)	$	39,352	$	15,869	$	81,617	$	(17,802)
Denominator:
Weighted-average shares outstanding—basic	489,447		487,963		489,195		486,168
Effect of dilutive securities	12,433		12,337		11,153		—
Weighted-average shares outstanding—diluted	501,880		500,300		500,348		486,168
Basic earnings (loss) per share	$	0.08	$	0.03	$	0.17	$	(0.04)
Diluted earnings (loss) per share	$	0.08	$	0.03	$	0.16	$	(0.04)
Anti-dilutive equity awards under stock-based award plans excluded from the determination of diluted earnings (loss) per share	4,916		7,823		4,916		—

_______________

* Diluted loss per share attributable to the Company for the nine months ended September 30, 2022 excluded all potentially dilutive securities because there was a net loss for the period ended and the inclusion of these securities would have been anti-dilutive. Potentially dilutive securities excluded from the calculation of diluted loss per share were 28 million shares under stock-based award plans for the nine months ended September 30, 2022.