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NET INCOME PER SHARE (Tables)
6 Months Ended
Jun. 30, 2023
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Net Income (Loss) Per Share
The following table presents the computation of basic and diluted net income per share for the periods presented:
Three Months Ended
June 30,
Six Months Ended
June 30,
2023202220232022
(In thousands, except per share data)
Numerator:
Net income$157,191 $76,976 $304,064 $128,797 
Convertible senior notes interest and financing costs, net1,651 662 3,255 1,304 
Adjusted net income$158,842 $77,638 $307,319 $130,101 
Denominator:
Shares used in basic per share amounts:
Weighted average common shares outstanding136,607 135,196 136,650 134,768 
Shares used in diluted per share amounts:
Weighted average common shares outstanding used for basic calculation136,607 135,196 136,650 134,768 
Effect of dilutive securities:
Employee stock-based awards1,760 3,042 2,155 3,399 
Notes due 2023900 900 900 900 
Notes due 20251,253 — 1,253 — 
2025 Warrants
503 512 575 460 
Notes due 20262,057 2,057 2,057 2,057 
Notes due 20282,018 2,018 2,018 2,018 
Weighted average common shares outstanding for diluted calculation145,098 143,725 145,608 143,602 
Basic and diluted net income per share
Net income per share, basic$1.15 $0.57 $2.23 $0.96 
Net income per share, diluted$1.09 $0.54 $2.11 $0.91 
Schedule of Potentially Dilutive Securities Excluded from the Computation of Diluted Net Income (Loss) Per Share
The following outstanding shares of common stock equivalents were excluded from the calculation of the diluted net income per share attributable to common stockholders because their effect would have been antidilutive:
Three Months Ended
June 30,
Six Months Ended
June 30,
2023202220232022
(In thousands)
Employee stock-based awards1,226 572 1,006 598 
2028 Warrants2,477 2,425 2,046 2,735 
2026 Warrants2,524 2,471 2,085 2,788 
Notes due 2025— 1,253 — 1,253 
Total6,227 6,721 5,137 7,374