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Net Income (Loss) Per Share (Tables)

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table presents the calculation of basic and diluted net income (loss) per share for periods presented (in thousands, except share and per share amounts):

			Year Ended   December 31,
			2023						2022						2021
Numerator:
Net income (loss)			$	307,568					$	(694,288)					$	493,507
Add back interest expense, net of tax attributable to assumed conversion of convertible senior notes			6,336						—						4,900
Net income (loss) attributable to common stockholders—diluted			$	313,904					$	(694,288)					$	498,407
Denominator:
Weighted average common shares outstanding—basic			122,503,366						126,778,626						127,224,974
Dilutive effect of assumed conversion of options to purchase common stock			2,222,294						—						4,149,248
Dilutive effect of assumed conversion of restricted stock units			705,465						—						1,995,336
Dilutive effect of assumed conversion of convertible senior notes			14,714,281						—						13,313,766
Weighted average common shares outstanding—diluted			140,145,406						126,778,626						146,683,324
Net income (loss) per share attributable to common stockholders—basic			$	2.51					$	(5.48)					$	3.88
Net income (loss) per share attributable to common stockholders—diluted			$	2.24					$	(5.48)					$	3.40

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following potential shares of common stock were excluded from the calculation of diluted net income (loss) per share attributable to common stockholders because their effect would have been anti-dilutive for the periods presented:

			Year Ended   December 31,
			2023						2022						2021
Stock options			174,655						3,127,333						149,683
Restricted stock units			4,719,187						5,081,194						584,033
Convertible senior notes			—						14,715,935						—
Total anti-dilutive securities			4,893,842						22,924,462						733,716

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- References

No definition available.

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

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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

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