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EARNINGS (LOSS) PER SHARE
 9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
EARNINGS (LOSS) PER SHARE
Diluted earnings per share includes the determinants of basic earnings per share and, in addition, reflects the dilutive effect of the common stock deliverable for stock options, using the treasury stock method, and for RSUs, RSAs and PSUs for which future service is required as a condition to the delivery of the underlying common stock.
 Three Months Ended
September 30,		Nine Months Ended
September 30,
(in thousands, except per share data)2024202320242023
Net (loss) income applicable to common stockholders
$(247,855)$(61,802)$(481,965)$90,883 
Weighted average common shares outstanding, basic48,596 53,580 48,405 53,961 
Weighted average effect of dilutive securities— — — 315 
Weighted average common shares outstanding, diluted48,596 53,580 48,405 54,276 
Basic (loss) earnings per share$(5.10)$(1.15)$(9.96)$1.68 
Diluted (loss) earnings per share$(5.10)$(1.15)$(9.96)$1.67 
There were 4,927,900 and 5,152,994 share-based awards that were considered anti-dilutive for the three months ended September 30, 2024 and 2023, respectively, and 5,108,453 and 5,235,978 share-based awards that were considered anti-dilutive for the nine months ended September 30, 2024 and 2023, respectively.
On November 18, 2020, the Company issued Penny Warrants, Performance Warrants and Options which participate in dividends with the Company’s common stock subject to certain contingencies. In the period in which the contingencies are met, those instruments are participating securities to which income will be allocated using the two-class method. The Performance Warrants and Options do not participate in net losses. The Penny Warrants were considered exercisable for little to no consideration and are therefore included in basic shares outstanding at their issuance date. For the three and nine months ended September 30, 2024 and 2023, the shares underlying the Performance Warrants were anti-dilutive as certain contingencies were not met. Refer to Note 2 “Summary of Significant Accounting Policies” for further information regarding the Framework Agreement.