NET INCOME (LOSS) PER SHARE

6 Months Ended

Jun. 30, 2023

NOTE 20. NET INCOME (LOSS) PER SHARE

The following is a reconciliation of the numerator and denominator of basic and diluted net income (loss) per share for the three and six months ended June 30, 2023 and 2022 (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Numerator:
Income (loss) from continuing operations	$	24,011	$	(1,880,883)	$	21,188	$	(1,946,183)


Loss from discontinued operations, net of tax	(573)		(4,544)		(1,029)		(11,218)
Net income (loss)	$	23,438	$	(1,885,427)	$	20,159	$	(1,957,401)
Denominator:
For basic per share data—weighted average shares	235,220		235,117		235,218		234,498
Dilutive effect of ordinary share equivalents	—		—		444		—

For diluted per share data—weighted average shares	235,220		235,117		235,662		234,498

Basic per share amounts are computed based on the weighted average number of ordinary shares outstanding during the period. Diluted per share amounts are computed based on the weighted average number of ordinary shares outstanding and, if there is net income from continuing operations during the period, the dilutive effect of ordinary share equivalents outstanding during the period.

The dilutive effect of ordinary share equivalents, if any, is measured using the treasury stock method.

The following table presents, for the three and six months ended June 30, 2022, outstanding stock options and stock awards that could potentially dilute per share amounts in the future that were not included in the computation of diluted per share amounts because to do so would have been antidilutive (in thousands):


	Three Months Ended June 30,	Six Months Ended June 30,
	2022	2022
Stock options	5,397	5,701
Stock awards	5,493	6,523

On March 3, 2023, in connection with the Company’s ongoing bankruptcy proceedings, the Company took action to reject all outstanding award agreements associated with stock options and stock awards.