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INCOME (LOSS) PER SHARE (Tables)

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

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

The following table sets forth the computation of basic and diluted net income (loss) per share of common stock for the three months ended March 31, 2024 and 2023 (in thousands, except share amounts and per share amounts):

			Three Months Ended March 31,
			2024						2023
Basic and diluted net income (loss) per share:
Numerator
Net income (loss)			$	(11,506)					$	(28,613)
Less: Net income (loss) attributable to noncontrolling interests			765						534
Net income (loss) attributable to common stockholders			(12,271)						(29,147)
Denominator
Weighted-average common shares outstanding			37,709,971						30,676,145
Basic and diluted net income (loss) per share:			$	(0.33)					$	(0.95)

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 March 31,
			2024						2023
RSUs			762,967						2,353,393
Stock options			3,062,500						—
PSUs and other stock-based compensation awards			433,102						101,118
Convertible Senior notes due 2026 (1)			3,376,400						3,376,400
Capped call transactions			3,376,400						3,376,400
Total			11,011,369						9,207,311

(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 5, Financing Arrangements, for additional information.

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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

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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

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