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Net Income (Loss) Per Share (Tables) | 12 Months Ended
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Dec. 31, 2024
Earnings Per Share [Abstract] |
Computation of Basic and Diluted Net Income Per Share | The numerators and denominators of the basic net income (loss) and diluted net income per share computations for our common stock are calculated as follows (in thousands):
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Numerator |  |  |  |  |
Net income (loss) | $ | 27,309 |  |  | $ | (6,389) |  |  | $ | 293,156 |
Less: undistributed earnings allocated to participating securities |  |  |  |  | (283) |
Net income (loss) allocable to common stockholders, basic | 27,309 |  |  | (6,389) |  |  | 292,873 |
Add: undistributed earnings allocated to Series B and warrants | - |  |  | - |  |  | 283 |
Less: undistributed earnings allocated to Series B and warrants | - |  |  | - |  |  | - |
Add: interest expense on convertible notes | - |  |  | - |  |  | 5,044 |
Less: removal of change in fair value of warrant liability | - |  |  | - |  |  | (1,801) |
Net income (loss) allocable to common stockholders, diluted | $ | 27,309 |  |  | $ | (6,389) |  |  | $ | 296,399 |
Denominator |  |  |  |  |
Weighted average shares used to compute net income (loss) allocable to common stockholders per share, basic | 130,047 |  | 128,733 |  | 126,398
Effect of dilutive shares: |  |  |  |  |
Stock-based compensation plans | 3,297 |  | - |  | 2,774
Convertible Notes (as converted to common stock) | - |  | - |  | 21,543
Effect of dilutive warrants | - |  | - |  | 82
Weighted average shares used to compute net income (loss) allocable to common stockholders per share, diluted | 133,344 |  | 128,733 |  | 150,797
Net income (loss) per share attributable to common stockholders |  |  |  |  |
Basic | $ | 0.21 |  |  | $ | (0.05) |  |  | $ | 2.32 |
Diluted | $ | 0.20 |  |  | $ | (0.05) |  |  | $ | 1.97 |
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 (loss) per share as the effect of their inclusion would have been anti-dilutive (in thousands).
| December 31,
| 2024 |  | 2023 |  | 2022
Outstanding securities not included in diluted net income (loss) allocable to common stockholders per share calculation (in thousands): |  |  |  |  |
Stock options and stock awards | 8,082 |  | 15,158 |  | 7,165
Convertible Notes (as converted to common stock) | 21,543 |  | 21,543 |  | -

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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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