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NET INCOME PER SHARE (Tables)
9 Months Ended
Sep. 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
September 30,
Nine Months Ended
September 30,
2023202220232022
(In thousands, except per share data)
Numerator:
Net income$113,953 $114,812 $418,017 $243,609 
Convertible senior notes interest and financing costs, net1,655 1,623 4,910 1,966 
Adjusted net income$115,608 $116,435 $422,927 $245,575 
Denominator:
Shares used in basic per share amounts:
Weighted average common shares outstanding136,165 135,633 136,491 135,056 
Shares used in diluted per share amounts:
Weighted average common shares outstanding used for basic calculation136,165 135,633 136,491 135,056 
Effect of dilutive securities:
Employee stock-based awards1,307 3,344 1,907 3,433 
Notes due 2023750 900 850 900 
Notes due 20251,253 1,253 1,253 — 
2025 Warrants
313 757 505 594 
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 calculation143,863 145,962 145,081 144,058 
Basic and diluted net income per share
Net income per share, basic$0.84 $0.85 $3.06 $1.80 
Net income per share, diluted$0.80 $0.80 $2.92 $1.70 
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
September 30,
Nine Months Ended
September 30,
2023202220232022
(In thousands)
Employee stock-based awards1,533 35 1,067 249 
2028 Warrants3,620 959 2,468 1,933 
2026 Warrants3,689 978 2,515 1,970 
Notes due 2025— — — 1,253 
Total8,842 1,972 6,050 5,405