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INCOME (LOSS) PER SHARE (Tables) | 6 Months Ended
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Jun. 30, 2026
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 and six months ended June 30, 2026 and 2025 (in thousands, except share amounts and per share amounts):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2026 |  | 2025 |  | 2026 |  | 2025
Basic and diluted net income (loss) per share: |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |
Income (loss) - continuing operations | $ | (1,456) |  |  | $ | 20,593 |  |  | $ | (14,045) |  |  | $ | 28,620 |
Less: Net income (loss) attributable to noncontrolling interests | 291 |  |  | 256 |  |  | 531 |  |  | 637 |
Net income (loss) attributable to common stockholders - continuing operations | (1,747) |  |  | 20,337 |  |  | (14,576) |  |  | 27,983 |
Net income (loss) attributable to common stockholders - discontinued operations | (16) |  |  | — |  |  | (46) |  |  | (471) |
Basic net income (loss) attributable to common stockholders | $ | (1,763) |  |  | $ | 20,337 |  |  | $ | (14,622) |  |  | $ | 27,512 |
Diluted net income (loss) attributable to common stockholders - continuing operations | $ | (1,747) |  |  | $ | 20,337 |  |  | $ | (14,576) |  |  | $ | 27,983 |
Plus: Interest expense from assumed conversion of convertible senior notes | — |  |  | 2,779 |  |  | — |  |  | 367 |
Net income (loss) attributable to common stockholders plus assumed conversions - continuing operations | $ | (1,747) |  |  | $ | 23,116 |  |  | $ | (14,576) |  |  | $ | 28,350 |
Denominator |  |  |  |  |  |  |
Shares used in computation of basic net income (loss) per share | 38,961,948 |  |  | 40,034,041 |  |  | 39,742,972 |  |  | 39,922,318 |
Weighted-average effect of diluted securities: |  |  |  |  |  |  |
Stock options | — |  |  | 2,094,112 |  |  | — |  |  | 1,844,547 |
RSUs | — |  |  | 417,920 |  |  | — |  |  | 366,045 |
PSUs | — |  |  | 863,728 |  |  | — |  |  | 431,864 |
ESPP Shares | — |  |  | 6,353 |  |  | — |  |  | 3,752 |
Convertible senior notes due 2026 | — |  |  | 788,903 |  |  | — |  |  | 788,903 |
Convertible senior notes due 2027 | — |  |  | 6,575,268 |  |  | — |  |  | — |
Shares used in computation of diluted net income (loss) per share | 38,961,948 |  |  | 50,780,325 |  |  | 39,742,972 |  |  | 43,357,429 |
Basic net income (loss) per share: |  |  |  |  |  |  |
Continuing operations | $ | (0.04) |  |  | $ | 0.51 |  |  | $ | (0.37) |  |  | $ | 0.70 |
Discontinued operations | — |  |  | — |  |  | — |  |  | (0.01) |
Basic net income (loss) per share | $ | (0.04) |  |  | $ | 0.51 |  |  | $ | (0.37) |  |  | $ | 0.69 |
Diluted net income (loss) per share: |  |  |  |  |  |  |
Continuing operations | $ | (0.04) |  |  | $ | 0.46 |  |  | $ | (0.37) |  |  | $ | 0.65 |
Discontinued operations | — |  |  | — |  |  | — |  |  | (0.01) |
Diluted net income (loss) per share | $ | (0.04) |  |  | $ | 0.46 |  |  | $ | (0.37) |  |  | $ | 0.64 |
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 from continuing operations:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2026 |  | 2025 |  | 2026 |  | 2025
Capped call transactions (1) | — |  |  | 788,903 |  |  | 203,625 |  |  | 788,903 |
Convertible Senior notes due 2026 (2) | — |  |  | — |  |  | 203,625 |  |  | — |
Convertible Senior notes due 2027 (2) | 1,575,318 |  |  | — |  |  | 1,575,318 |  |  | 6,575,268 |
Convertible Senior notes due 2030 (2) | 4,516,070 |  |  | — |  |  | 4,516,070 |  |  | — |
Stock options | 2,423,077 |  |  | — |  |  | 2,742,788 |  |  | — |
RSUs | 890,174 |  |  | 5,072 |  |  | 728,872 |  |  | 6,908 |
PSUs | 1,148,392 |  |  | — |  |  | 1,424,538 |  |  | — |
ESPP | 6,265 |  |  | — |  |  | 9,211 |  |  | — |
Total | 10,559,296 |  |  | 793,975 |  |  | 11,404,047 |  |  | 7,371,079 |
(1)The capped call transactions were intended to reduce potential dilution to our Common Stock in the event the 2026 Notes were converted into shares. If the 2026 Notes had converted on or prior to maturity on March 15, 2026, the exercise of the capped call transactions would have substantially offset the economic dilution that would have otherwise resulted from the issuance of shares upon conversion. The capped call transactions expired in connection with the maturity of the 2026 Notes. (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 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 6, 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://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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