EARNINGS (LOSS) PER COMMON SHARE (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Computation of Basic and Diluted Earnings per Common Share

The following table sets forth the computation of basic and diluted earnings (loss) per common share (common shares in thousands):


	Years Ended December 31,
	2022		2021		2020 (1)
Numerator:
Net income (loss), basic	$	141,561	$	(64,080)	$	854,029
Add: Interest expense, net of tax, on the Notes	—		—		8,313
Net income/(loss), diluted	$	141,561	$	(64,080)	$	862,342
Denominator:
Weighted-average common shares outstanding, basic	185,266		182,852		180,804
Effect of dilutive securities:
Issuances under equity incentive plans	3,697		—		4,030
Common stock issuable under the Notes	—		—		6,844
Weighted-average common shares outstanding, diluted	188,963		182,852		191,678
Earnings (loss) per common share, basic	$	0.76	$	(0.35)	$	4.72
Earnings (loss) per common share, diluted	$	0.75	$	(0.35)	$	4.50

(1)Certain December 31, 2020 amounts have been corrected for an immaterial error identified in the third quarter of 2022. See Note 1 to these Consolidated Financial Statements for details.

Schedule Of Shares Excluded From Computation of Basic and Diluted Net Loss Per Share

In addition to the equity instruments included in the table above, the table below presents potential shares of common stock that were excluded from the computation of basic and diluted earnings (loss) per common share as they were anti-dilutive (in thousands):


	Years Ended December 31,
	2022	2021	2020
Issuances under equity incentive plans	8,148	12,450	7,836
Common stock issuable under the Notes	8,335	8,335	—
Total number of potentially issuable shares	16,483	20,785	7,836