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Net (Loss) Income Per Share (Tables) | 9 Months Ended
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Sep. 30, 2024
Earnings Per Share [Abstract] |
Calculations of Net Loss Per Share | The table below shows the calculations for the three and nine months ended September 30, 2024 and 2023 (in thousands, except for per share data):
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
Numerator (both basic and diluted) |  |  |  |  |  |  |  |
Net (loss) income relevant to common stockholders |  | $ | (137,067) |  |  | $ | 34,753 |  |  | $ | (120,797) |  |  | $ | 102,743 |
Denominator |  |  |  |  |  |  |  |
Denominator for basic income per share |  | 104,121 |  |  | 112,286 |  |  | 106,314 |  |  | 113,960 |
Dilutive effect of stock options |  | — |  |  | — |  |  | — |  |  | — |
Dilutive effect of performance share units |  | — |  |  | — |  |  | — |  |  | 56 |
Dilutive effect of restricted stock units |  | — |  |  | 412 |  |  | — |  |  | 278 |
Denominator for diluted income per share |  | 104,121 |  |  | 112,698 |  |  | 106,314 |  |  | 114,294 |
Basic (loss) income per common share |  | $ | (1.32) |  |  | $ | 0.31 |  |  | $ | (1.14) |  |  | $ | 0.90 |
Diluted (loss) income per common share |  | $ | (1.32) |  |  | $ | 0.31 |  |  | $ | (1.14) |  |  | $ | 0.90 |
Schedule of Antidilutive Securities | As shown in the table below, the f ollowing stock options, RSUs and PSUs have not been included in the calculation of diluted income per common share for the three and nine months ended September 30, 2024 and 2023 because they will be anti-dilutive to the calculation of diluted net (loss) income per common share:
(in thousands) |  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
Stock options |  | 179 |  |  | 196 |  |  | 179 |  |  | 320 |
Restricted stock units |  | 3,243 |  |  | 452 |  |  | 3,243 |  |  | 611 |
Performance stock units |  | 1,381 |  |  | — |  |  | 1,381 |  |  | — |
Total |  | 4,803 |  |  | 648 |  |  | 4,803 |  |  | 931 |

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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 + Details
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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 + Details
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