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Net (Loss) Income Per Share
 12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Net (Loss) Income Per Share

Note 17. Net (Loss) Income Per Share

Basic and diluted net (loss) income per share was calculated as follows:

 

Year Ended December 31,

 

(in thousands, except share and per share amounts)

 

2024

 

 

2023

 

 

2022

 

Basic net (loss) income per share

 

$

(0.74

)

 

$

0.26

 

 

$

0.43

 

Diluted net (loss) income per share

 

$

(0.74

)

 

$

0.26

 

 

$

0.43

 

Numerator:

 

 

 

 

 

 

 

 

 

Net (loss) income

 

 

(110,273

)

 

 

37,293

 

 

 

64,604

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average number of shares outstanding - basic

 

 

148,582,226

 

 

 

144,083,808

 

 

 

150,227,213

 

Add options and restricted stock units to purchase units

 

 

—

 

 

 

2,142,288

 

 

 

1,579,927

 

Weighted average number of shares outstanding - diluted

 

 

148,582,226

 

 

 

146,226,096

 

 

 

151,807,139

 

For the years ended December 31, 2024, 2023, and 2022, a total of 3,630,723, 4,725,584, and 2,669,162 stock options, RSUs, and restricted stock awards were excluded from the calculation of diluted net (loss) income per share, respectively, because their effect was anti-dilutive.