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Net Income (Loss) Per Share
 9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share Net Income (Loss) Per Share
Basic income (loss) per common share is determined by dividing income (loss) attributable to common stockholders by the weighted-average number of common shares outstanding during the period, without consideration of common stock equivalents. Diluted income (loss) per share is computed by dividing the income (loss) attributable to common stockholders by the weighted-average number of common stock equivalents outstanding for the period. The treasury stock method is used to determine the dilutive effect of the Company's stock option grants and RSUs. 14,235,295 stock options and RSUs (common stock equivalents) were excluded from the calculation of diluted income per share for the three months ended September 30, 2024, because their inclusion would have been anti-dilutive. 12,607,056 and 12,514,638 stock options and RSUs (common stock equivalents) were excluded from the calculation of diluted income per share for the three and nine months ended September 30, 2023, respectively, because their inclusion would have been anti-dilutive.
Basic and diluted income (loss) per common share is computed as follows (in thousands except share and per share data):
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Numerator:
Net income (loss) used for calculation of basic and diluted EPS$56,309 $17,554 $(51,545)$37,014 
Denominator:
Weighted average shares outstanding, basic62,744,005 61,980,680 62,566,723 61,890,824 
Effect of dilutive securities:
Stock options and restricted stock units121,836 263,922 — 199,519 
Weighted average shares outstanding, diluted62,865,841 62,244,602 62,566,723 62,090,343 
Net income (loss) per share, basic$0.90 $0.28 $(0.82)$0.60 
Net income (loss) per share, diluted$0.90 $0.28 $(0.82)$0.60