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Net Income (Loss) Per Common Share (Tables)
 3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted (Loss) Income Per Share
March 31,
(in thousands, except share and per share data)
20242023
Net income (loss) - basic
$61,022 $(61,719)
Adjustments for dilutive earnings per share:
Interest expense for convertible notes, less amortization of debt issuance costs
2,650 — 
Net income (loss) - diluted
$63,672 $(61,719)
Weighted average shares - basic
169,258,564 78,440,266 
Effect of dilutive common stock equivalents:
Warrants
11,713,131 — 
Shares issuable upon conversion of convertible notes
8,007,010 — 
Common shares under option
54,217 — 
Common shares under PBSOs
55,678 — 
Unvested RSUs
478,229 — 
Unvested PBRSUs
74,422 — 
Dilutive common stock equivalents
20,382,687 — 
Weighted average shares - diluted
189,641,251 78,440,266 
Net income (loss) per common share – basic
$0.36 $(0.79)
Net income (loss) per common share – diluted$0.34 $(0.79)
Schedule of Shares Excluded From Calculation of Diluted Net (Loss) Income Per Share
The shares outstanding at the end of the respective periods presented below were excluded from the calculation of diluted net loss per share due to their anti-dilutive effect:
March 31,
20242023
Common shares under option5,228,191 4,374,452 
Common shares under PBSOs433,950 433,950 
Unvested RSUs2,204,617 3,117,397 
Unvested PBRSUs— 191,375 
Shares issuable related to the ESPP— 33,575 
Shares issuable upon conversion of convertible notes— 8,007,010 
Warrants— 70,135,033 
Total potential dilutive shares7,866,758 86,292,792