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EARNINGS (LOSS) PER SHARE (Tables) | 3 Months Ended
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Mar. 31, 2025
Earnings Per Share [Abstract] |
Schedule of Calculation of Earnings (Loss) Per Share | Calculation of earnings (loss) per share:
| Three Months Ended March 31, |  |
(in thousands, except per share amounts) | 2025 |  | 2024 |  |  |  |
Net income (loss) | $ | 85,422 |  |  | $ | (12,124) |  |  |  |  |
Weighted-average common shares outstanding | 85,902 |  |  | 84,266 |  |  |  |  |
Earnings (loss) per share, basic | $ | 0.99 |  |  | $ | (0.14) |  |  |  |  |
Net income (loss) | $ | 85,422 |  |  | $ | (12,124) |  |  |  |  |
Notes - interest expense, net of tax | 742 |  |  | — |  |  |  |  |
Numerator for diluted EPS | $ | 86,164 |  |  | $ | (12,124) |  |  |  |  |
Weighted-average effect of dilutive securities: |  |  |  |  |  |  |
Notes | 2,425 |  |  | — |  |  |  |  |
Stock options | 4,305 |  |  | — |  |  |  |  |
RSUs | 1,781 |  |  | — |  |  |  |  |
Effect of dilutive securities | 8,511 |  |  | — |  |  |  |  |
Weighted-average common shares outstanding, assuming dilution (1) (2) (3) | 94,413 |  |  | 84,266 |  |  |  |  |
Earnings (loss) per share, diluted | $ | 0.91 |  |  | $ | (0.14) |  |  |  |  |
Outstanding anti-dilutive stock options and RSUs (4) | 122 |  |  | 3,171 |  |  |  |  |
(1) All dilutive securities are excluded when their inclusion would be anti-dilutive. (2) The weighted-average shares underlying the conversion options in the Company’s Notes are included using the if-converted method, if dilutive in the period. (3) The Company’s Capped Call Transactions represented the equivalent number of shares of the Company’s common stock (representing the number of shares for which the Notes are convertible). 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 (loss) per share. These awards may be dilutive in the future.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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