The following table presents the calculation of basic and diluted net income (loss) per share as follows (in thousands, except per share data):


	Years Ended December 31,
	2023		2022		2021
Numerator:
Net income (loss)	$	(709,561)	$	(498,005)	$	242,385
Denominator:
Basic net income (loss) per share:
Weighted-average common shares outstanding — basic	141,572		137,668		132,710
Net income (loss) per share — basic	$	(5.01)	$	(3.62)	$	1.83

Diluted net income (loss) per share:
Weighted-average common shares outstanding — basic	141,572		137,668		132,710
Effect of potentially dilutive securities:
Restricted stock units	—		—		2,744
Stock options	—		—		6,214
Weighted-average common shares outstanding — diluted	141,572		137,668		141,668
Net income (loss) per share — diluted	$	(5.01)	$	(3.62)	$	1.71