Equity

9 Months Ended

Sep. 30, 2024

Equity

Equity

Note 7 — Equity

Statement of Stockholders’ Equity

The following tables present the changes in Stockholders’ Equity:

								Accumulated
				Additional				Other
	Common Stock			Paid-in		Accumulated		Comprehensive
	Shares	Amount		Capital		Deficit		Income		Total
	(in thousands)
Balance at December 31, 2023	56,364	$	564	$	1,202,440	$	(532,169)	$	1,607	$	672,442
Net income	—		—		—		21,854		—		21,854
Other comprehensive income (loss), net of tax	—		—		—		—		(128)		(128)
Share-based compensation expense	—		—		8,082		—		—		8,082
Net issuance under employee stock plans	273		2		(14,342)		—		—		(14,340)
Balance at March 31, 2024	56,637	$	566	$	1,196,180	$	(510,315)	$	1,479	$	687,910
Net income	—		—		—		14,944		—		14,944
Other comprehensive income (loss), net of tax	—		—		—		—		(12)		(12)
Share-based compensation expense	—		—		9,233		—		—		9,233
Net issuance under employee stock plans	136		3		2,935		—		—		2,938
Balance at June 30, 2024	56,773	$	569	$	1,208,348	$	(495,371)	$	1,467	$	715,013
Net income	—		—		—		21,951		—		21,951
Other comprehensive income (loss), net of tax	—		—		—		—		382		382
Share-based compensation expense	—		—		9,459		—		—		9,459
Net issuance under employee stock plans	5		1		(287)		—		—		(286)
Balance at September 30, 2024	56,778	$	570	$	1,217,520	$	(473,420)	$	1,849	$	746,519

								Accumulated
				Additional				Other
	Common Stock			Paid-in		Accumulated		Comprehensive
	Shares	Amount		Capital		Deficit		Income		Total
	(in thousands)
Balance at December 31, 2022	51,660	$	517	$	1,078,180	$	(501,801)	$	928	$	577,824
Net income	—		—		—		8,741		—		8,741
Other comprehensive income (loss), net of tax	—		—		—		—		476		476
Share-based compensation expense	—		—		7,027		—		—		7,027
Net issuance under employee stock plans	33		—		(8,509)		—		—		(8,509)
Balance at March 31, 2023	51,693	$	517	$	1,076,698	$	(493,060)	$	1,404	$	585,559
Net income (loss)	—		—		—		(85,320)		—		(85,320)
Other comprehensive income (loss), net of tax	—		—		—		—		(39)		(39)
Share-based compensation expense	—		—		7,932		—		—		7,932
Partial Extinguishment of 2025 and 2027 Notes	4,460		45		102,095						102,140
Net issuance under employee stock plans	185		2		2,326		—		—		2,328
Balance at June 30, 2023	56,338	$	564	$	1,189,051	$	(578,380)	$	1,365	$	612,600
Net income	—		—		—		24,574		—		24,574
Other comprehensive income (loss), net of tax	—		—		—		—		133		133
Share-based compensation expense	—		—		7,420		—		—		7,420
Net issuance under employee stock plans	(1)		—		(247)		—		—		(247)
Balance at September 30, 2023	56,337	$	564	$	1,196,224	$	(553,806)	$	1,498	$	644,480

Accumulated Other Comprehensive Income (“AOCI”)

The following table presents the changes in the balances of each component of AOCI, net of tax:

			Unrealized
			Gains (Losses)
	Foreign		on Available
	Currency		for Sale
	Translation		Securities		Total
	(in thousands)
Balance - December 31, 2023	$	1,761	$	(154)	$	1,607
Other comprehensive income (loss)		70		172		242
Balance - September 30, 2024	$	1,831	$	18	$	1,849

There were immaterial reclassifications from AOCI into net income for the three and nine months ended September 30, 2024 and 2023.