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Net Income (Loss) Per Share
12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share
Note 14. Net Income (Loss) Per Share
Our basic net income (loss) per share is computed by dividing the net income (loss) by the number of weighted average common shares outstanding during the period. Our diluted net income (loss) per share is computed by dividing net income (loss) by the weighted average common shares outstanding during the period assuming potentially dilutive common shares of stock options, RSUs and PSUs.
Net income (loss) per share was calculated as follows for the periods indicated below:
Year Ended December 31,
(in thousands, except per share data)202220212020
Basic Net Income (Loss) Per Share
Basic net income (loss)$340,660 $948,581 $(295,697)
Weighted average common shares outstanding222,004220,428218,073
Basic net income (loss) per share$1.53 $4.30 $(1.36)
Diluted Net Income (Loss) Per Share
Diluted net income (loss)$340,660 $948,581 $(295,697)
Weighted average common shares outstanding222,004220,428218,073
Dilutive stock options and awards1,954 1,646 — 
Weighted average shares used to compute diluted net income (loss) per share 223,958222,074218,073
Diluted net income (loss) per share$1.52 $4.27 $(1.36)
The potential common shares that were excluded from the diluted net income (loss) per share computation are as follows:
202220212020
Outstanding stock options and awards10,946,70310,106,83715,274,871