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NET (LOSS) INCOME PER COMMON SHARE (Tables) | 6 Months Ended
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Jun. 30, 2025
Earnings Per Share [Abstract] |
Schedule of Computation of Basic and Diluted Net (Loss) Income Per Common Share | The following table sets forth the computation of basic and diluted net (loss) income per common share for the three and six mon ths ended June 30, 2025 and 2024 (in thousands, except per common share amounts):
| Three Months Ended June 30, |  | Six Months Ended June 30,
2025 |  | 2024 |  | 2025 |  | 2024
Numerator: |  |  |  |  |  |  |
Net (loss) income—basic | $ | (4,847) |  |  | $ | 18,886 |  |  | $ | (35) |  |  | $ | 27,865 |
2025 Notes if-converted method adjustment | — |  |  | 762 |  |  | — |  |  | 1,790 |
Adjusted net (loss) income—diluted | $ | (4,847) |  |  | $ | 19,648 |  |  | $ | (35) |  |  | $ | 29,655 |
Denominator: |  |  |  |  |  |  |
Weighted average common shares outstanding—basic | 45,459 |  |  | 46,174 |  |  | 45,867 |  |  | 46,337 |
Computation of diluted securities: |  |  |  |  |  |  |
2025 Notes if-converted method adjustment | — |  |  | 4,122 |  |  | — |  |  | 4,865 |
Dilutive effect of RSUs | — |  |  | 239 |  |  | — |  |  | 162 |
Dilutive effect of ESPP share options | — |  |  | 4 |  |  | — |  |  | 2 |
Weighted average common shares outstanding—diluted | 45,459 |  |  | 50,539 |  |  | 45,867 |  |  | 51,366 |
Net income per common share: |  |  |  |  |  |  |
Basic net (loss) income per common share | $ | (0.11) |  |  | $ | 0.41 |  |  | $ | (0.00) |  |  | $ | 0.60 |
Diluted net (loss) income per common share | $ | (0.11) |  |  | $ | 0.39 |  |  | $ | (0.00) |  |  | $ | 0.58 |
Schedule of Potential Dilutive Effect of the Securities Excluded from the Calculation of Diluted (Loss) Income Per Share | The following table summarizes the outstanding stock options, RSUs, ESPP share options and convertible senior notes that were excluded from the diluted net (loss) income per common share calculation because the effects of including these potential shares were antidilutive in the periods presented (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Weighted average number of stock options | 6,858 |  |  | 7,311 |  |  | 6,921 |  |  | 7,486 |
2025 Notes | 2,821 |  |  | — |  |  | 2,821 |  |  | — |
Weighted average number of RSUs | 4,703 |  |  | 1,304 |  |  | 4,417 |  |  | 1,267 |
Weighted average ESPP share options | 101 |  |  | — |  |  | 102 |  |  | 26 |
Total | 14,483 |  |  | 8,615 |  |  | 14,261 |  |  | 8,779 |

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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 + Details
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- 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 + Details
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