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EARNINGS (LOSS) PER SHARE (Tables)
 12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Schedule of Calculation of Earnings (Loss) Per Share
Calculation of earnings (loss) per share:
(in thousands, except per share amounts)202420232022
Net income (loss)$99,189 $67,808 $(345,582)
Weighted-average common shares outstanding85,265 83,162 81,947 
Earnings (loss) per share, basic$1.16 $0.82 $(4.22)
Net income (loss)$99,189 $67,808 $(345,582)
Convertible senior notes - interest expense and settlement gains, net of tax(76)(5,528)— 
Numerator for diluted EPS $99,113 $62,280 $(345,582)
Weighted-average effect of dilutive securities:
Convertible senior notes214 235 — 
Stock options2,710 794 — 
RSUs1,445 723 — 
Effect of dilutive securities4,369 1,752 — 
Weighted-average common shares outstanding, assuming dilution (1) (2) (3)
89,634 84,914 81,947 
Earnings per share, diluted$1.11 $0.73 $(4.22)
Outstanding anti-dilutive stock options and RSUs (4)
148 250 3,367 
(1) All dilutive securities are excluded when their inclusion would be anti-dilutive.
(2) The shares underlying the conversion options in the Company’s Notes are included using the if-converted method, if dilutive in the period. If the outstanding conversion options were fully exercised, the Company would issue approximately 3.5 million shares as of December 31, 2024.
(3) The Company’s Capped Call Transactions represent the equivalent of approximately 3.5 million shares of the Company’s common stock (representing the number of shares for which the Notes are convertible) as of December 31, 2024. The Capped Call Transactions are expected to reduce common stock dilution and/or offset any potential cash payments the Company must make, other than for principal and interest, upon conversion of the Notes, with such reduction and/or offset subject to a cap of $196.44. The Capped Call Transactions are excluded from weighted-average common shares outstanding, assuming dilution, in all periods as their effect would be anti-dilutive.
(4) Outstanding stock options and RSUs that were anti-dilutive under the treasury stock method in the period were excluded from the computation of diluted earnings per share. These awards may be dilutive in the future.