INCOME (LOSS) PER SHARE (Tables)

6 Months Ended

Jun. 30, 2022

Schedule of Computation of Basic and Diluted Net Income (Loss) Per Share

The following table sets forth the computation of basic and diluted net income (loss) per share of common stock for the three and six months ended June 30, 2022 and 2021 (in thousands, except share amounts and per share amounts):


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Basic and diluted net income (loss) per share:

Numerator
Net income (loss)	$	(90,250)	$	(3,129)	$	(124,602)	$	11,319
Less: Net income (loss) attributable to noncontrolling interests	977		253		1,477		143
Basic net income (loss) attributable to common stockholders	(91,227)		(3,382)		(126,079)		11,176

Diluted net income (loss) attributable to common stockholders	(91,227)		(3,382)		(126,079)		11,176

Denominator
Shares used in computation of basic net income (loss) per share	30,039,233		29,273,806		29,952,018		29,139,930
Weighted-average effect of diluted securities
Restricted stock units	—		—		—		893,440
Performance share units and other stock-based compensation awards	—		—		—		87,481
Shares used in computation of diluted net income (loss) per share	30,039,233		29,273,806		29,952,018		30,120,851

Basic net income (loss) per share:	$	(3.04)	$	(0.12)	$	(4.21)	$	0.38

Diluted net income (loss) per share:	$	(3.04)	$	(0.12)	$	(4.21)	$	0.37

Schedule of Weighted-Average Potentially Dilutive Instruments

The following weighted-average potentially dilutive instruments are not included in the diluted net income (loss) per share calculations above because they would have had an antidilutive effect on the net income (loss) per share:


	Three Months Ended June 30,		Six Months Ended June 30,
	2022	2021	2022	2021
Restricted stock units	3,073,435	1,871,251	2,560,609	189,132
Performance share units and other stock-based compensation awards	158,344	104,393	106,263	—
Convertible Senior notes due 2022 (1)	—	1,119,251	—	1,717,033
Convertible Senior notes due 2026 (1)	3,376,400	3,352,202	3,376,400	1,676,101
Warrants	—	1,195,564	—	1,755,189
Capped call transactions	3,376,400	3,352,202	3,376,400	1,773,968
Total	9,984,579	10,994,863	9,419,672	7,111,423

(1)We apply the if-converted method in computing the effect of our convertible senior notes on diluted net income (loss) per share, whereby the numerator of our diluted net income (loss) per share computations is adjusted for interest expense, net of tax, and the denominator is adjusted for the number shares into which the convertible senior notes could be converted. The effect is only included in the calculation of income (loss) per share for those instruments for which it would reduce income (loss) per share. See Note 5, Financing Arrangements, for additional information.