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NET INCOME PER SHARE (Tables)

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Summary 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,
			2024						2023						2024						2023
			(In thousands, except per share data)
Numerator:
Net income			$	45,762					$	113,953					$	40,498					$	418,017
Convertible senior notes interest and financing costs, net of tax			618						1,655						—						4,910
Adjusted net income			$	46,380					$	115,608					$	40,498					$	422,927
Denominator:
Shares used in basic per share amounts:
Weighted average common shares outstanding			135,329						136,165						135,621						136,491
Shares used in diluted per share amounts:
Weighted average common shares outstanding used for basic calculation			135,329						136,165						135,621						136,491
Effect of dilutive securities:
Employee stock-based awards			456						1,307						528						1,907
Notes due 2023			—						750						—						850
Notes due 2025			—						1,253						—						1,253
2025 Warrants			54						313						87						505
Notes due 2026			2,057						2,057						—						2,057
Notes due 2028			2,018						2,018						—						2,018
Weighted average common shares outstanding for diluted calculation			139,914						143,863						136,236						145,081
Basic and diluted net income per share
Net income per share, basic			$	0.34					$	0.84					$	0.30					$	3.06
Net income per share, diluted			$	0.33					$	0.80					$	0.30					$	2.92

Summary 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,
			2024						2023						2024						2023
			(In thousands)
Employee stock-based awards			1,330						1,533						1,396						1,067
Notes due 2028			—						—						2,018						—
2028 Warrants			5,170						3,620						4,970						2,468
Notes due 2026			—						—						2,057						—
2026 Warrants			5,269						3,689						5,065						2,515
Notes due 2025			1,253						—						1,253						—
Total			13,022						8,842						16,759						6,050

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- References

No definition available.

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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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X

- 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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