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Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2024

Accounting Policies [Abstract]

Schedule of Computation of Basic and Diluted Earnings (Loss) Per Common Share

The following table sets forth the computation of basic and diluted earnings (loss) per common share:

(in thousands, except share and per share amounts)			Three months ended June 30,												Six months ended June 30,
			2024						2023						2024						2023
Numerator:
Numerator for basic earnings (loss) per share - income available to common stockholders			$	49,232					$	(42,496)					$	7,304					$	(91,661)
Add back interest on 2027 Notes			2,500						—						—						—
Numerator of diluted earnings (loss) per share			$	51,732					$	(42,496)					$	7,304					$	(91,661)
Denominator:
Denominator for basic earnings (loss) per share - common shares outstanding			226,221,202						95,446,929						225,978,219						95,160,204
Add back 2027 Notes, as converted			12,321,900						—						—						—
Denominator for diluted earnings (loss) per share - adjusted weighted average shares outstanding			238,543,102						95,446,929						225,978,219						95,160,204
Basic earnings (loss) per common share			$	0.22					$	(0.45)					$	0.03					$	(0.96)
Diluted earnings (loss) per common share			$	0.22					$	(0.45)					$	0.03					$	(0.96)

Schedule of Potentially Dilutive Securities not Included in Calculation of Diluted Net Loss Per Share

The table below provides potentially dilutive securities not included in the calculation of the diluted net loss per share because to do so would be anti-dilutive (in common stock equivalent shares):

			Three months ended June 30,												Six months ended June 30,
			2024						2023						2024						2023
2027 Notes			—						12,321,900						12,321,900						12,321,900
Shares issuable upon exercise of stock options			35,190,675						19,739,058						35,190,675						19,739,058
Shares issuable upon exercise of Equity Option granted to Chiesi			22,396,498						—						22,396,498						—
Shares issuable upon exercise of warrants			32,467,360						—						32,467,360						—
Non-vested shares under restricted stock grants			—						444,687						—						444,687
Total potentially dilutive securities			90,054,533						32,505,645						102,376,433						32,505,645

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- References

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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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