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Earnings (Loss) Per Share (Tables)

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Schedule of Basic Earnings (Loss) Per Ordinary Share

Basic earnings (loss) per ordinary share is calculated based upon net income (loss) available to holders of ordinary shares divided by the weighted average number of ordinary shares outstanding. For the calculation of diluted earnings (loss) per ordinary share, the Company utilizes the treasury stock method and adjusts the weighted average number of ordinary shares outstanding for the effect of outstanding ordinary share equivalents such as stock options and restricted stock unit awards.

		Three Months Ended								Nine Months Ended
		September 30,								September 30,
(In thousands)		2023				2022				2023				2022
Numerator:
Net income (loss)		$	47,758			$	(63,974	)		$	242,978			$	(130,013	)
Denominator:
Weighted average number of ordinary shares outstanding			166,607				164,282				165,996				163,541
Effect of dilutive securities:
Stock options			1,682				—				1,643				—
Restricted stock unit awards			3,614				—				3,342				—
Dilutive ordinary share equivalents			5,296				—				4,985				—
Shares used in calculating diluted earnings (loss) per ordinary share			171,903				164,282				170,981				163,541

Schedule of Anti-Dilutive Outstanding Common Share Equivalent Excluded from Calculation of Net Earnings (Loss) Per Ordinary Share

The following potential ordinary share equivalents were not included in the net earnings (loss) per ordinary share calculation because the effect would have been anti-dilutive:

		Three Months Ended								Nine Months Ended
		September 30,								September 30,
(In thousands)		2023				2022				2023				2022
Stock options			12,029				13,031				12,422				12,784
Restricted stock unit awards			1,317				4,922				2,389				5,459
Total			13,346				17,953				14,811				18,243

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- References

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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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