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Net Income Per Share (Tables)

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Computation of Basic and Diluted Net Income Per Share

The numerators and denominators of the basic and diluted net income per share computations for our common stock are calculated as follows (in thousands):

	Three Months Ended								Six Months Ended
	June 30,								June 30,
	2022				2021				2022				2021
Numerator
Net income	$	128,755			$	4,473			$	161,614			$	5,364
Less: undistributed earnings allocated to participating securities		-				(333	)			(316	)			(410	)
Net income attributable to common stockholders, basic		128,755				4,140				161,298				4,954
Add: undistributed earnings allocated to participating securities		-				-				316				-
Less: removal of change in fair value of warrant liability		-				(2,097	)			(1,801	)			-
Add: interest expense on convertible notes		1,260				-				2,519				-
Net income attributable to common stockholders, diluted	$	130,015			$	2,043			$	162,332			$	4,954
Denominator
Weighted average common stock outstanding, basic		126,347				114,629				125,456				113,339
Effect of dilutive shares:
Stock-based compensation plans		2,015				1,630				2,659				1,639
Dilutive warrants		-				2,571				163				-
Convertible Notes (as converted to common stock)		21,543				-				21,543				-
Weighted average common stock outstanding, diluted		149,905				118,830				149,821				114,978

Outstanding Stock Options and Stock Awards Excluded from Calculation of Net Loss Per Share

The following were excluded from the calculation of diluted net income per share as the effect of their inclusion would have been anti-dilutive (in thousands).

	Three months ended June 30,								Six months ended June 30,
	2022				2021				2022				2021
Outstanding securities not included in diluted net income (loss) per share    calculation:
Stock options and stock awards		9,647				6,991				9,067				8,476
Series B Convertible Preferred Stock (as converted to common    stock)		-				4,140				-				4,140
Warrants (as exercisable into common stock)		-				-				-				2,474
Convertible Notes (as converted to common stock)		-				11,363				-				5,713
Total		9,647				22,494				9,067				20,803

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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