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EARNINGS PER COMMON SHARE (Tables)
9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Earnings Per Common Share
The following table sets forth the computation of basic and diluted earnings per common share (common shares in thousands):
Three Months Ended
September 30,
Nine Months Ended
September 30,
2024202320242023
Numerator:
Net Income, basic
$106,080 $40,378 $301,916 $147,270 
Add: Interest expense, net of tax, on the Company's convertible debt1,832 — 5,495 2,810 
Net Income, diluted
$107,912 $40,378 $307,411 $150,080 
Denominator:
Weighted-average common shares outstanding, basic190,429 188,219 189,806 187,617 
Effect of dilutive securities:
Common stock issuable under the Company's equity incentive plans2,353 2,954 2,512 3,455 
Common stock issuable under the Company’s convertible debt(1)
4,365 — 4,365 3,970 
Weighted-average common shares outstanding, diluted197,147 191,173 196,683 195,042 
Earnings per common share, basic
$0.56 $0.21 $1.59 $0.78 
Earnings per common share, diluted
$0.55 $0.21 $1.56 $0.77 
Schedule of Anti-Dilutive Common Stock Excluded from Computation of Diluted Earnings 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 diluted earnings per common share as they were anti-dilutive (in thousands):
Three Months Ended
September 30,
Nine Months Ended
September 30,
2024202320242023
Common stock issuable under the Company's equity incentive plans9,414 8,547 9,255 8,045 
Common stock issuable under the Company’s convertible debt (1)
— 8,335 — 4,365 
Total number of potentially issuable shares9,414 16,882 9,255 12,410 
(1)    If converted, the Company would issue 4.0 million shares under the 2024 Notes and 4.4 million shares under the 2027 Notes. The Company’s 2024 Notes matured in August 2024 and substantially all holders were repaid in cash. For additional discussion of the Company’s convertible debt, see Note 6 - Debt.