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NET INCOME (LOSS) PER SHARE (Tables) | 12 Months Ended
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Dec. 31, 2024
Earnings Per Share [Abstract] |
Schedule of Antidilutive Securities Excluded from Computation of Diluted Income Per Share | The following table presents the total potential securities that were not included in the computation of diluted income (loss) per share, as their inclusion would have been anti-dilutive:
|  |  |  | For the Year Ended December 31,
|  |  |  |  |  | 2024 |  | 2023 |  | 2022
Warrants |  |  |  |  |  | 324,375 |  |  | 324,375 |  |  | 324,375 |
Restricted stock units |  |  |  |  |  | — |  |  | — |  |  | 1,255,648 |
The Convertible Notes (as defined below) |  |  |  |  |  | — |  |  | — |  |  | 9,812,955 |
Series A Preferred Stock |  |  |  |  |  | — |  |  | 322,654 |  |  | — |
Total dilutive shares |  |  |  |  |  | 324,375 |  |  | 647,029 |  |  | 11,392,978 |
Schedule of Computation of Basic and Diluted Income (Loss) Per Share | The following table sets forth the computation of basic and diluted income (loss) per share:
|  |  |  | For the Year Ended December 31,
(in thousands, except share and per share data) |  |  |  |  |  | 2024 |  | 2023 |  | 2022
Basic earnings per share of common stock: |  |  |  |  |  |  |  |  |  |
Net income (loss) per share of common stock - basic |  |  |  |  |  | $ | 541,253 |  |  | $ | 259,052 |  |  | $ | (694,022) |
Weighted average shares of common stock - basic |  |  |  |  |  | 289,961,989 |  |  | 183,855,570 |  |  | 113,467,837 |
Net income (loss) per share of common stock - basic |  |  |  |  |  | $ | 1.87 |  |  | $ | 1.41 |  |  | $ | (6.12) |
Diluted earnings per share of common stock: |  |  |  |  |  |  |  |  |  |
Net income (loss) per share of common stock - basic |  |  |  |  |  | $ | 541,253 |  |  | $ | 259,052 |  |  | $ | (694,022) |
Add: Notes interest expense, net of tax |  |  |  |  |  | 6,364 |  |  | 7,421 |  |  | — |
Less: Gain from extinguishment of debt, net of tax |  |  |  |  |  | (10,278) |  |  | (62,909) |  |  | — |
Net income (loss) per share of common stock - diluted |  |  |  |  |  | $ | 537,339 |  |  | $ | 203,564 |  |  | $ | (694,022) |
Weighted average shares of common stock - basic |  |  |  |  |  | 289,961,989 |  |  | 183,855,570 |  |  | 113,467,837 |
Restricted stock units |  |  |  |  |  | 4,492,213 |  |  | 330,928 |  |  | — |
Performance-based restricted stock units |  |  |  |  |  | 849,739 |  |  | — |  |  | — |
The Convertible Notes |  |  |  |  |  | 16,537,406 |  |  | 8,106,779 |  |  | — |
Weighted average shares of common stock - diluted |  |  |  |  |  | 311,841,347 |  |  | 192,293,277 |  |  | 113,467,837 |
Net income (loss) per share of common stock - diluted |  |  |  |  |  | $ | 1.72 |  |  | $ | 1.06 |  |  | $ | (6.12) |

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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 + Details
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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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