NET INCOME (LOSS) PER SHARE (Tables)

3 Months Ended

Mar. 31, 2022

Basic and Diluted Net Income (Loss) Per Share

The following table presents the calculation of basic and diluted net income (loss) per share (in thousands, except per share data):


	Three Months Ended March 31,
	2022		2021
Numerator:
Net income (loss)	$	(207,363)	$	39,008
Less: Net loss attributable to noncontrolling interests	(3,164)		—
Net income (loss) attributable to common stockholders	$	(204,199)	$	39,008
Denominator:
Basic shares:
Weighted-average common shares outstanding	541,767		455,414
Weighted-average unvested shares	(332)		(441)
Weighted-average shares used to compute basic net income (loss) per share:	541,435		454,973
Diluted shares:
Stock options, restricted stock, and employee stock purchase plan	—		20,972
Convertible senior notes	—		322
Common stock warrants	—		25,086
Weighted-average shares used to compute diluted net income (loss) per share:	541,435		501,353
Net income (loss) per share attributable to common stockholders:
Basic	$	(0.38)	$	0.09
Diluted	$	(0.38)	$	0.08

Antidilutive Securities Excluded from Calculation of Diluted Net Income (Loss) Per Share

The following potential common shares were excluded from the calculation of diluted net income (loss) per share because their effect would have been anti-dilutive for the periods presented (in thousands):


	Three Months Ended March 31,
	2022	2021
Stock options, restricted stock, and employee stock purchase plan	23,402	6,109
Convertible senior notes	18,038	3,845
Common stock warrants	42,361	17,275
Total anti-dilutive securities	83,801	27,229