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NET INCOME PER SHARE OF COMMON STOCK | 12 Months Ended
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Dec. 31, 2024
Earnings Per Share [Abstract] |
NET INCOME PER SHARE OF COMMON STOCK | NET (LOSS) INCOME PER SHARE OF COMMON STOCK Basic earnings per share is calculated based on the weighted average number of common shares outstanding during the period. Diluted earnings per share is determined based on the weighted average number of common shares outstanding during the period combined with the incremental average common shares that would have been outstanding assuming the conversion of all potentially dilutive common shares into common shares as of the earliest date possible. The calculation of basic and diluted net (loss) income attributable to common stockholders per share is determined using net (loss) income applicable to common stockholders as the numerator and the number of shares included in the denominator as shown below (in thousands, except per share amounts). Due to the net loss applicable to common stockholders, 548 shares of potentially dilutive securities are not included in diluted weighted average common shares outstanding for the year ended December 31, 2024, because to do so would be antidilutive for this period.
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Basic net (loss) income attributable to common stockholders per share: |  |  |  |  |
Net (loss) income attributable to common stockholders | $ | (284,071) |  |  | $ | 231,252 |  |  | $ | 112,258 |
Weighted average common shares outstanding | 44,359 |  |  | 47,011 |  |  | 48,626 |
Basic net (loss) income attributable to common stockholders per share | $ | (6.40) |  |  | $ | 4.92 |  |  | $ | 2.31 |
Diluted net (loss) income attributable to common stockholders per share: |  |  |  |  |
Net (loss) income attributable to common stockholders | $ | (284,071) |  |  | $ | 231,252 |  |  | $ | 112,258 |
Weighted average common shares outstanding | 44,359 |  |  | 47,011 |  |  | 48,626 |
Dilutive stock options and restricted stock | — |  |  | 1,019 |  |  | 1,255 |
Diluted weighted average common shares outstanding | 44,359 |  |  | 48,030 |  |  | 49,881 |
Diluted net (loss) income attributable to common stockholders per share | $ | (6.40) |  |  | $ | 4.81 |  |  | $ | 2.25 |
For the years ended December 31, 2024, 2023, and 2022, there were no options excluded from average diluted shares outstanding as the average market price of the common shares was greater than the exercise price.

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