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EARNINGS (LOSS) PER SHARE | 3 Months Ended
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Mar. 31, 2025
Earnings Per Share [Abstract] |
EARNINGS (LOSS) PER SHARE | NOTE 16. EARNINGS (LOSS) PER SHARE Basic earnings (loss) per share is calculated using the weighted-average number of common shares outstanding during the period. Diluted earnings (loss) per share is calculated using the weighted-average number of common shares outstanding during the period, plus the dilutive effect of outstanding stock options, RSUs, and Notes. 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 The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
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