Net Income (Loss) Per Share

9 Months Ended

Sep. 30, 2024

Note 14. Net Income (Loss) Per Share

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


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Basic net income (loss)	$	106,456	$	171,269	$	(168,597)	$	396,520

Weighted average common shares outstanding	192,629		224,078		211,763		223,428

Basic net income (loss) per share	$	0.55	$	0.76	$	(0.80)	$	1.77

Diluted net income (loss)	$	106,456	$	171,269	$	(168,597)	$	396,520

Weighted average common shares outstanding	192,629		224,078		211,763		223,428
Dilutive stock options and awards	3,209		2,089		—		2,328
Weighted average shares used to compute diluted net income (loss) per share	195,838		226,167		211,763		225,756

Diluted net income (loss) per share	$	0.54	$	0.76	$	(0.80)	$	1.76

All stock options and stock awards were excluded from the diluted share calculation for the nine months ended September 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 income (loss) per share computation are as follows:


	Three Months Ended September 30,		Nine Months Ended September 30,
	2024	2023	2024	2023
Outstanding stock options and awards	13,067,516	12,997,146	16,881,330	11,964,901