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EARNINGS (LOSS) PER COMMON SHARE
 12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
EARNINGS (LOSS) PER COMMON SHARE EARNINGS (LOSS) PER COMMON SHARE
Potentially issuable shares of common stock include shares issuable upon the exercise of outstanding employee stock option awards, common stock issuable under the Company’s ESPP, unvested RSUs and contingent issuances of common stock related to the Company's convertible debt.
The following table sets forth the computation of basic and diluted earnings (loss) per common share (common shares in thousands):
Twelve Months Ended
December 31,
202320222021
Numerator:
Net income (loss)
$167,645 $141,561 $(64,080)
Denominator:
Weighted-average common shares outstanding, basic187,834 185,266 182,852 
Effect of dilutive securities:
Common stock issuable under the Company's equity incentive plans3,761 3,697 — 
Weighted-average common shares outstanding, diluted191,595 188,963 182,852 
Earnings (loss) per common share, basic$0.89 $0.76 $(0.35)
Earnings (loss) per common share, diluted$0.87 $0.75 $(0.35)
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 diluted earnings (loss) per common share as they were anti-dilutive (in thousands):
Twelve Months Ended
December 31,
202320222021
Common stock issuable under the Company's equity incentive plans
8,072 8,148 12,450 
Common stock issuable under the Company’s convertible debt (1)
8,335 8,335 8,335 
Total number of potentially issuable shares16,407 16,483 20,785 
(1)    If converted, the Company would issue 4.0 million shares under the 2024 Notes and 4.4 million shares under the 2027 Notes. For additional discussion of our convertible debt, see Note 10 to these Consolidated Financial Statements.