NET INCOME PER SHARE (Tables)

3 Months Ended

Mar. 31, 2020

Schedule of Computation of Basic and Diluted Net Loss Per Share

The following table presents the computation of basic and diluted net income per share for the periods presented.



	Three Months Ended March 31,
	2020		2019
	(In thousands, except per share data)
Numerator:
Net income	$	68,936	$	2,765
Notes due 2023 interest and financing costs, net	44		—
Adjusted net income	$	68,980	$	2,765

Denominator:
Shares used in basic per share amounts:
Weighted average common shares outstanding	123,531		108,195

Shares used in diluted per share amounts:
Weighted average common shares outstanding	123,531		108,195
Effect of dilutive securities:
Employee stock-based awards	8,609		7,668
Warrants (issued in conjunction with Notes due 2024)	2,128		—
Notes due 2024	2,936		—
Notes due 2023	900		—
Weighted average common shares outstanding for diluted calculation	138,104		115,863

Basic and diluted net income per share
Net income per share, basic	$	0.56	$	0.03
Net income per share, diluted	$	0.50	$	0.02

Schedule of Potentially Dilutive Securities Excluded from the Computation of Diluted Net Loss Per Share

The following outstanding shares of common stock equivalents were excluded from the calculation of the diluted net income per share attributable to common stockholders because their effect would have been antidilutive.



	Three Months Ended March 31,
	2020	2019
	(In thousands)
Employee stock options	—	112
RSUs and PSUs	—	91
Notes due 2023	—	11,701
Total	—	11,904