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NET INCOME (LOSS) PER SHARE
 12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
NET INCOME (LOSS) PER SHARE NET INCOME (LOSS) PER SHARE
 
Net income (loss) per share is calculated in accordance with ASC 260 - Earnings Per Share. Basic income (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. For the year ended December 31, 2024, 2023 and 2022, the Company recorded net income (loss) and as such, the Company calculated the impact of dilutive common stock equivalents in determining diluted earnings 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,
202420232022
Warrants324,375 324,375 324,375 
Restricted stock units— — 1,255,648 
The Convertible Notes (as defined below)
— — 9,812,955 
Series A Preferred Stock— 322,654 — 
Total dilutive shares324,375 647,029 11,392,978 

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)202420232022
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 tax6,364 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 units4,492,213 330,928 — 
Performance-based restricted stock units849,739 — — 
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)