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Net Income (Loss) Per Share (Tables)
9 Months Ended
Sep. 30, 2025
Net Income (Loss) Per Share  
Schedule of Computation of Basic and Diluted Net Income (Loss) Per Share

Three Months Ended

Nine Months Ended

September 30, 

September 30, 

(in thousands, except share and per share data)

    

2025

    

2024

    

2025

    

2024

Net loss from continuing operations

$

(44,517)

$

(47,599)

$

(136,777)

$

(169,301)

Weighted-average common shares outstanding, basic and diluted

116,229,170

 

115,210,091

116,056,247

 

114,263,256

Net loss from continuing operations, basic and diluted

$

(0.38)

$

(0.41)

$

(1.18)

$

(1.48)

Net income from discontinued operations, net of tax

$

8,986

$

36,848

$

342,444

$

248,504

Weighted-average common shares outstanding, basic and diluted

116,229,170

 

115,210,091

116,056,247

 

114,263,256

Net income from discontinued operations, basic and diluted

$

0.08

$

0.32

$

2.95

$

2.17

Net income (loss)

$

(35,531)

$

(10,751)

$

205,667

$

79,203

Weighted-average common shares outstanding, basic and diluted

116,229,170

 

115,210,091

116,056,247

 

114,263,256

Net income (loss) per share, basic and diluted

$

(0.31)

$

(0.09)

$

1.77

$

0.69

Schedule of Outstanding Dilutive Potential Shares Excluded from Calculation of Diluted Net Income (Loss) Per Share

The following outstanding dilutive potential shares were excluded from the calculation of diluted net income (loss) per share due to their anti-dilutive effect:

Three Months Ended

Nine Months Ended

September 30, 

September 30, 

    

2025

    

2024

    

2025

    

2024

Stock options, performance stock options and shares subject to ESPP

 

30,696,755

 

30,097,387

30,489,269

 

28,714,130

Restricted stock units

 

210,822

 

831,936

270,205

 

936,712

Shares issuable upon conversion of 2026 Convertible Notes

6,283

11,942,152

6,283

11,942,152

Total

 

30,913,860

 

42,871,475

30,765,757

 

41,592,994