Net (Loss) Income Per Share

6 Months Ended

Jun. 30, 2024

Note 14. Net (Loss) Income Per Share

Net (loss) income per share was calculated as follows for the periods indicated below:


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Basic net (loss) income	$	(444,601)	$	203,548	$	(275,053)	$	225,251

Weighted average common shares outstanding	218,175		223,248		221,329		223,104

Basic net (loss) income per share	$	(2.04)	$	0.91	$	(1.24)	$	1.01

Diluted net (loss) income	$	(444,601)	$	203,548	$	(275,053)	$	225,251

Weighted average common shares outstanding	218,175		223,248		221,329		223,104
Dilutive stock options and awards	—		2,401		—		2,437
Weighted average shares used to compute diluted net (loss) income per share	218,175		225,649		221,329		225,541

Diluted net (loss) income per share	$	(2.04)	$	0.90	$	(1.24)	$	1.00

All stock options and stock awards were excluded from the diluted share calculation for the three and six months ended June 30, 2024 because their effect would have been anti-dilutive, as we were in a net loss position. The potential common shares that were excluded from the diluted net (loss) income per share computation are as follows:


	Three Months Ended June 30,		Six Months Ended June 30,
	2024	2023	2024	2023
Outstanding stock options and awards	16,067,125	12,806,418	16,148,294	10,781,677