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NET (LOSS) INCOME PER SHARE (Tables) | 9 Months Ended
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Sep. 30, 2023
Earnings Per Share [Abstract] |
Schedule of Calculation of Basic and Diluted Earnings Per Common Share | The following table reflects the calculation of basic and diluted (loss) earnings per common share for the three and nine months ended September 30, 2023 and 2022 (in thousands, except for per share amounts):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Basic net (loss) income per share |  |  |  |  |  |  |
Net (loss) income | $ | (279,544) |  |  | $ | 4,174 |  |  | $ | (274,558) |  |  | $ | 21,072 |
Weighted-average common shares outstanding | 81,713 |  |  | 48,180 |  |  | 63,066 |  |  | 46,566 |
Basic net (loss) income per share | $ | (3.42) |  |  | $ | 0.09 |  |  | $ | (4.35) |  |  | $ | 0.45 |
Diluted net (loss) income per share |  |  |  |  |  |  |
Net (loss) income | $ | (279,544) |  |  | $ | 4,174 |  |  | $ | (274,558) |  |  | $ | 21,072 |
Add: Convertible debt interest expense, net of tax | — |  |  | 497 |  |  | — |  |  | 487 |
Adjusted net (loss) income | (279,544) |  |  | 4,671 |  |  | (274,558) |  |  | 21,559 |
Weighted-average common shares and share equivalents outstanding | 81,713 |  |  | 48,180 |  |  | 63,066 |  |  | 46,566 |
Add: effect of dilutive stock-based awards and equivalents | — |  |  | 1,960 |  |  | — |  |  | 1,462 |
Add: effect of dilutive convertible debt under if-converted method | — |  |  | 7,246 |  |  | — |  |  | 2,442 |
Denominator for diluted net (loss) income per share | 81,713 |  |  | 57,386 |  |  | 63,066 |  |  | 50,470 |
Diluted net (loss) income per share | $ | (3.42) |  |  | $ | 0.08 |  |  | $ | (4.35) |  |  | $ | 0.42 |
Schedule of Anti-Dilutive Securities Excluded from Computation of Diluted Net (Loss) Income Per Share | The following table reflects outstanding potentially dilutive common shares that are not included in the computation of diluted net (loss) income per share, because to do so would be anti-dilutive, for the three and nine months ended September 30, 2023 and 2022 (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Convertible notes | 9,768 |  |  | — |  |  | 11,324 |  |  | — |
Stock-based awards and equivalents | 7,016 |  |  | 2,983 |  |  | 7,641 |  |  | 1,329 |
Total potentially dilutive common shares | 16,784 |  |  | 2,983 |  |  | 18,965 |  |  | 1,329

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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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