Net Income (Loss) Per Share

3 Months Ended

Mar. 31, 2023

For the periods presented, the following table reconciles the denominators used in the basic and diluted net income (loss) and net income (loss) from continuing operations per share calculations (in thousands):


	Three Months Ended March 31,
	2023	2022
Denominator for basic calculation	234,425	248,542
Effect of dilutive securities:
Option awards	—	2,558
Unvested restricted stock units	—	862
Convertible senior notes due in 2024	—	13,983
Denominator for dilutive calculation	234,425	265,945

For the periods presented, the following Class A common stock and Class C capital stock equivalents were excluded from the calculations of diluted net income (loss) and net income (loss) from continuing operations per share because their effect would have been antidilutive (in thousands):


	Three Months Ended March 31,
	2023	2022
Weighted-average Class A common stock and Class C capital stock option awards outstanding	18,046	5,120
Weighted-average Class A common stock and Class C capital stock restricted stock units outstanding	12,108	3,188
Class C capital stock issuable upon conversion of the convertible notes maturing in 2024, 2025 and 2026	33,855	19,872
Total Class A common stock and Class C capital stock equivalents	64,009	28,180