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NET (LOSS) INCOME PER SHARE (Tables)

9 Months Ended

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

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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

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