XML 64 R46.htm IDEA: XBRL DOCUMENT v3.25.0.1
INCOME (LOSS) PER SHARE (Tables)
 12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
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 years ended December 31, 2024, 2023 and 2022 (in thousands, except share amounts and per share amounts):
Year Ended December 31,
202420232022
Basic and diluted net income (loss) per share:
Numerator
Net Income (loss)
$(56,514)$(52,934)$(234,380)
Less: Net income (loss) attributable to noncontrolling interests2,513 2,476 3,229 
Basic net income (loss) attributable to common stockholders
(59,027)(55,410)(237,609)
Denominator
 Weighted-average common shares outstanding
39,170,368 31,243,179 30,166,100 
Net income (loss) per share:
Basic and diluted net income (loss) per share:
$(1.51)$(1.77)$(7.88)
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:
Year Ended December 31,
202420232022
Capped call transactions (1)
3,081,088 3,376,400 3,376,400 
Convertible senior notes due 2026 (2)
3,081,088 3,376,400 3,376,400 
Stock options
3,062,500 2,477,793 — 
Convertible senior notes due 2027 (2)
750,438 — — 
RSUs
792,675 1,475,683 2,587,585 
PSUs
280,807 110,823 16,032 
ESPP
11,793 28,139 81,171 
Total11,060,389 10,845,238 9,437,588 
(1)The capped call transactions are expected to reduce potential dilution to our Common Stock upon conversion of the 2026 Notes outstanding principal. Upon conversion of both the capped call transactions and then-outstanding 2026 Notes, there will be minimized economic dilution from the 2026 Notes, as exercise of the capped call transactions reduces dilution from the 2026 Notes that would have otherwise occurred when the price of our Common Stock exceeds the conversion price.
(2)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 loss on extinguishment of debt, 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.