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NET INCOME (LOSS) PER SHARE
 6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
NET INCOME (LOSS) PER SHARE NET INCOME (LOSS) PER SHARE
Basic net 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. Diluted net income per share is computed in a similar manner, but it also includes the effect of potential common shares outstanding during the period, when dilutive. Potential common shares for the three months ended June 30, 2023 include stock options, RSUs, PSUs, shares to be purchased under the ESPP, Notes due 2025, Notes due 2026, Notes due 2028, Notes due 2023 and the 2025 Warrants.
The following table presents the computation of basic and diluted net income (loss) per share for the periods presented:
Three Months Ended
June 30,		Six Months Ended
June 30,
2024202320242023
(In thousands, except per share data)
Numerator:
Net income (loss)$10,833 $157,191 $(5,264)$304,064 
Convertible senior notes interest and financing costs, net of tax— 1,651 — 3,255 
Adjusted net income (loss)$10,833 $158,842 $(5,264)$307,319 
Denominator:
Shares used in basic per share amounts:
Weighted average common shares outstanding135,646 136,607 135,768 136,650 
Shares used in diluted per share amounts:
Weighted average common shares outstanding used for basic calculation135,646 136,607 135,768 136,650 
Effect of dilutive securities:
Employee stock-based awards374 1,760 — 2,155 
Notes due 2023— 900 — 900 
Notes due 2025— 1,253 — 1,253 
2025 Warrants
103 503 — 575 
Notes due 2026— 2,057 — 2,057 
Notes due 2028— 2,018 — 2,018 
Weighted average common shares outstanding for diluted calculation136,123 145,098 135,768 145,608 
Basic and diluted net income (loss) per share
Net income (loss) per share, basic$0.08 $1.15 $(0.04)$2.23 
Net income (loss) per share, diluted$0.08 $1.09 $(0.04)$2.11 
Diluted earnings per share for the three and six months ended June 30, 2024 and 2023 includes the dilutive effect of potentially dilutive common shares by application of the treasury stock method for stock options, RSUs, PSUs, ESPP, the 2025 Warrants, and includes potentially dilutive common shares by application of the if-converted method for the Notes due 2025, Notes due 2026, Notes due 2028 and Notes due 2023. To the extent these potential common shares are antidilutive, they are excluded from the calculation of diluted net income per share.
Further, the Company under the relevant sections of the indentures, irrevocably may elect to settle principal in cash and any excess in cash or shares of the Company’s common stock for the Notes due 2025, Notes due 2026 and Notes due 2028. If and when the Company makes such election, there will be no adjustment to the net income and the Company will use the average share price for the period to determine the potential number of shares to be issued based upon assumed conversion to be included in the diluted share count.
The following outstanding shares of common stock equivalents were excluded from the calculation of the diluted net income (loss) per share attributable to common stockholders because their effect would have been antidilutive:
Three Months Ended
June 30,		Six Months Ended
June 30,
2024202320242023
(In thousands)
Employee stock-based awards1,435 1,226 1,515 1,006 
2025 Warrants
— — 104 — 
Notes due 20282,018 — 2,018 — 
2028 Warrants4,877 2,477 4,871 2,046 
Notes due 20262,057 — 2,057 — 
2026 Warrants4,971 2,524 4,964 2,085 
Notes due 20251,253 — 1,253 — 
Total16,611 6,227 16,782 5,137