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NET INCOME PER SHARE
 3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
NET INCOME PER SHARE NET INCOME PER SHARE
 
Net income per share is calculated in accordance with ASC 260 - Earnings Per Share. Basic income per share is computed by dividing net income by the weighted average number of shares of common stock outstanding during the period. For the three months ended March 31, 2024 and 2023, the Company recorded net income and as such, the Company calculated the impact of dilutive common stock equivalents in determining diluted earnings per share.
 
The following table presents the securities that were not included in the computation of diluted income per share, as their inclusion would have been anti-dilutive:

Three Months Ended March 31,
20242023
Warrants
324,375 324,375 
Restricted stock units— 2,156,230 
Total dilutive shares324,375 2,480,605 
  
The following table sets forth the computation of basic and diluted income per share:

Three Months Ended March 31,
(in thousands, except share and per share data)20242023
Basic earnings per share of common stock:
Net income per share of common stock - basic
$337,173 $118,699 
Weighted average shares of common stock - basic
259,098,664 159,186,506 
Net income per share of common stock - basic
$1.30 $0.75 
Diluted earnings per share of common stock:
Net income per share of common stock - basic
$337,173 $118,699 
Add: Notes interest expense, net of tax985 2,225 
Net income per share of common stock - diluted
$338,158 $120,924 
Weighted average shares of common stock - basic
259,098,664 159,186,506 
Restricted stock units4,472,357 — 
Convertible notes4,341,422 9,812,955 
Weighted average shares of common stock - diluted
267,912,443 168,999,461 
Net income per share of common stock - diluted
$1.26 $0.72