Earnings (Loss) Per Share (Tables)

6 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

Schedule of Basic Earnings (Loss) Per Ordinary Share

Basic earnings (loss) per ordinary share is calculated based upon net income (loss) available to holders of ordinary shares divided by the weighted average number of ordinary shares outstanding. For the calculation of diluted earnings (loss) per ordinary share, the Company adjusts the weighted average number of ordinary shares outstanding for the effect of outstanding ordinary share equivalents such as stock options and restricted stock unit awards.

	Three Months Ended					Six Months Ended
	June 30,					June 30,
(In thousands)	2023		2022			2023		2022
Numerator:
Net income (loss)	$	237,065	$	(30,136	)	$	195,220	$	(66,039	)
Denominator:
Weighted average number of ordinary shares outstanding		166,279		163,839			165,686		163,165
Effect of dilutive securities:
Stock options		1,896		—			1,634		—
Restricted stock unit awards		3,378		—			3,427		—
Dilutive ordinary share equivalents		5,274		—			5,061		—
Shares used in calculating diluted earnings (loss) per share		171,553		163,839			170,747		163,165

Schedule of Anti-Dilutive Outstanding Common Share Equivalent Excluded from Calculation of Net Earnings (Loss) Per Share

The following potential ordinary share equivalents were not included in the net earnings (loss) per share calculation because the effect would have been anti-dilutive:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(In thousands)	2023		2022		2023		2022
Stock options		12,138		12,781		12,288		12,677
Restricted stock unit awards		1,180		4,718		3,024		6,251
Total		13,318		17,499		15,312		18,928