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Weighted Average Shares Outstanding and Net Loss Per Share
3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Weighted Average Shares Outstanding and Net Loss Per Share Weighted Average Shares Outstanding and Net Loss Per Share
The following table presents a reconciliation of the weighted average shares of common stock used in calculating basic and diluted net loss per share as well as the calculation of basic and diluted net loss per share:
Three Months Ended March 31,
(in thousands, except per share amounts)20252024
Numerator
Net loss attributable to common shareholders$(33,656)$(30,983)
Denominator
Weighted average common shares outstanding, basic43,46343,988 
Weighted average common shares outstanding, diluted43,46343,988 
Net loss per share, basic$(0.77)$(0.70)
Net loss per share, diluted$(0.77)$(0.70)
Due to net losses for the three months ended March 31, 2025 and 2024, both the unvested RSUs representing 585,000 and 573,000 shares, respectively, and the potential dilution from the convertible notes converting into 8,427,000 and 9,099,000 shares, respectively, of common stock have been excluded from the calculation of diluted earnings per share, as their inclusion would have been anti-dilutive. In connection with the issuance of the 3.25% Convertible Notes and 3.75% Convertible Notes, we entered into the 2024 capped call transactions and 2023 capped call transactions, respectively, which were not included for purposes of calculating the number of diluted shares outstanding, as their effect would have been anti-dilutive.