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Net Income Per Share (Tables)

9 Months Ended

Sep. 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								Nine Months Ended
	September 30,								September 30,
	2022				2021				2022				2021
Numerator
Net income (loss)	$	63,809			$	(28,430	)		$	225,423			$	(23,066	)
Less: undistributed earnings allocated to participating securities		-				-				(291	)			-
Net income (loss) attributable to common stockholders, basic		63,809				(28,430	)			225,132				(23,066	)
Add: undistributed earnings allocated to participating securities		-				-				291				-
Less: removal of change in fair value of warrant liability		-				-				(1,801	)			-
Add: interest expense on convertible notes		1,262				-				3,780				-
Net income (loss) attributable to common stockholders, diluted	$	65,071			$	(28,430	)		$	227,402			$	(23,066	)
Denominator
Weighted average common stock outstanding, basic		127,062				116,903				125,997				114,540
Effect of dilutive shares:
Stock-based compensation plans		2,933				-				2,784				-
Dilutive warrants		-				-				109				-
Convertible Notes (as converted to common stock)		21,543				-				21,543				-
Weighted average common stock outstanding, diluted		151,538				116,903				150,433				114,540

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 September 30,								Nine months ended September 30,
	2022				2021				2022				2021
Outstanding securities not included in diluted net income (loss) per share calculation:
Stock options and stock awards		5,214				5,924				7,417				6,274
Warrants (as exercisable into common stock)		-				4,895				-				4,895
Convertible Notes (as converted to common stock)		-				21,543				-				21,543
Total		5,214				32,362				7,417				32,712

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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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