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INCOME (LOSS) PER SHARE | 12 Months Ended
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Dec. 31, 2023
Earnings Per Share [Abstract] |
INCOME (LOSS) PER SHARE | INCOME (LOSS) PER SHARE Basic net income (loss) per share is computed using the weighted-average number of common shares outstanding during the period. Diluted net income (loss) per share is computed using the weighted-average number of common shares and the effect of potentially dilutive securities outstanding during the period. Potentially dilutive securities include stock options, restricted stock units, performance share units, ESPP shares, warrants, convertible senior notes and capped call transactions. If dilutive, those potentially dilutive securities are reflected in diluted net income (loss) per share using the treasury stock method, except for the convertible senior notes, which are subject to the if-converted method. The following table sets forth the computation of basic and diluted net income (loss) per share of Common Stock for the years ended December 31, 2023, 2022 and 2021 (in thousands, except share amounts and per share amounts):
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Basic and diluted net income (loss) per share: |  |  |  |  |
Numerator |  |  |  |  |
Net Income (loss) | $ | (52,934) |  |  | $ | (234,380) |  |  | $ | 120,348 |
Less: Net income (loss) attributable to noncontrolling interests | 2,476 |  |  | 3,229 |  |  | 1,680 |
Basic net income (loss) attributable to common stockholders | (55,410) |  |  | (237,609) |  |  | 118,668 |
Diluted net income (loss) attributable to common stockholders | (55,410) |  |  | (237,609) |  |  | 118,668 |
Plus: Interest expense from assumed conversion of convertible senior notes | — |  |  | — |  |  | 4,643 |
Net income (loss) attributable to common stockholders plus assumed conversions | $ | (55,410) |  |  | $ | (237,609) |  |  | $ | 123,311 |
Denominator |  |  |  |  |
Shares used in computation of basic net income (loss) per share | 31,243,179 |  |  | 30,166,100 |  |  | 29,365,880 |
Weighted-average effect of diluted securities: |  |  |  |  |
Restricted stock units | — |  |  | — |  |  | 624,794 |
Performance share units and other stock-based compensation awards | — |  |  | — |  |  | 89,065 |
Convertible senior notes due 2022 | — |  |  | — |  |  | 858,517 |
Convertible senior notes due 2026 | — |  |  | — |  |  | 2,575,184 |
Shares used in computation of diluted net income (loss) per share | 31,243,179 |  |  | 30,166,100 |  |  | 33,513,440 |
Net income (loss) per share: |  |  |  |  |
Basic | $ | (1.77) |  |  | $ | (7.88) |  |  | $ | 4.04 |
Diluted | $ | (1.77) |  |  | $ | (7.88) |  |  | $ | 3.68 |
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:
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Restricted stock units | 1,475,683 |  |  | 2,587,585 |  |  | 500,763 |
Stock options | 2,477,793 |  |  | — |  |  | — |
Performance share units and other stock-based compensation awards | 138,962 |  |  | 97,203 |  |  | — |
Convertible senior notes due 2026 (1) | 3,376,400 |  |  | 3,376,400 |  |  | — |
Warrants | — |  |  | — |  |  | 877,595 |
Capped call transactions | 3,376,400 |  |  | 3,376,400 |  |  | 2,575,184 |
Total | 10,845,238 |  |  | 9,437,588 |  |  | 3,953,542 |
(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 of 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 7, Financing Arrangements, for additional information. As of December 31, 2023, there were no Market-based Performance Share Units. As of December 31, 2022, no Market-based Performance Share Units remain unvested and outstanding, as the performance or market conditions were not met, and are excluded from the table above. As of December 31, 2021, there were up to 57,668 shares of Common Stock issuable upon vesting of outstanding Market-based Performance Share Units that were excluded from the table above as the performance or market conditions were not satisfied as of the end of the period. See Note 11. Compensation Arrangements, for additional information.

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