INCOME (LOSS) PER SHARE (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Computation of Basic and Diluted Net Income (Loss) Per Share

The following table sets forth the computation of basic and diluted net income (loss) per share of common stock for the years ended December 31, 2022, 2021 and 2020 (in thousands, except share amounts and per share amounts):


	Year Ended December 31,
	2022		2021		2020
Basic and diluted net income (loss) per share:
Numerator
Income (loss) - continuing operations	$	(234,380)	$	120,348	$	(286,562)
Less: Net income (loss) attributable to noncontrolling interests	3,229		1,680		1,751
Basic net income (loss) attributable to common stockholders - continuing operations	(237,609)		118,668		(288,313)
Net income (loss) attributable to common stockholders - discontinued operations	—		—		382
Basic net income (loss) attributable to common stockholders	$	(237,609)	$	118,668	$	(287,931)

Diluted net income (loss) attributable to common stockholders - continuing operations	(237,609)		118,668		(288,313)
Net Income (loss) attributable to common stockholders - discontinued operations	—		—		382
Diluted net income (loss) attributable to common stockholders	(237,609)		118,668		(287,931)
Plus: Interest expense from assumed conversion of convertible senior notes	—		4,643		—
Net income (loss) attributable to common stockholders plus assumed conversions	$	(237,609)	$	123,311	$	(287,931)

Denominator
Shares used in computation of basic net income (loss) per share	30,166,100		29,365,880		28,604,115
Weighted-average effect of diluted securities:
Restricted stock units	—		624,794		—
Performance share units and other stock-based compensation awards	—		89,065		—
Convertible senior notes due 2022	—		858,517		—
Convertible senior notes due 2026	—		2,575,184		—
Shares used in computation of diluted net income (loss) per share	30,166,100		33,513,440		28,604,115

Basic net income (loss) per share:
Continuing operations	$	(7.88)	$	4.04	$	(10.08)
Discontinued operations	—		—		0.01
Basic net income (loss) per share	$	(7.88)	$	4.04	$	(10.07)

Diluted net income (loss) per share:
Continuing operations	$	(7.88)	$	3.68	$	(10.08)
Discontinued operations	—		—		0.01
Diluted net income (loss) per share	$	(7.88)	$	3.68	$	(10.07)

Schedule of Weighted-Average Potentially Dilutive Instruments

The following weighted-average potentially dilutive instruments are not included in the diluted net income (loss) per share calculations above because they would have had an antidilutive effect on the net income (loss) per share from continuing operations:


	Year Ended December 31,
	2022	2021	2020
Restricted stock units	2,587,585	500,763	1,887,322
Performance share units and other stock-based compensation awards	97,203	—	199,629
Convertible senior notes due 2022 (1)	—	—	2,314,815
Convertible senior notes due 2026 (1)	3,376,400	—	—
Warrants	—	877,595	2,314,815
Capped call transactions	3,376,400	2,575,184	—
Total	9,437,588	3,953,542	6,716,581

(1)We apply the if-converted method in computing the effect of our convertible senior notes on diluted net income (loss) per share, whereby the numerator of our diluted net income (loss) per share computations is adjusted for interest expense, net of tax, and the denominator is adjusted for the number of shares into which the convertible senior notes could be converted. The effect is only included in the calculation of income (loss) per share for those instruments for which it would reduce income (loss) per share. See Note 7, Financing Arrangements, for additional information.