Net Income (Loss) Per Share (Tables)

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Summary of Calculation of Basic and Diluted Net Income (Loss) Per Share of Common Stock

The following table summarizes the calculation of basic and diluted net income (loss) per share of common stock:

	Three Months Ended September 30,					Nine Months Ended September 30,
	2023		2022			2023			2022
	(in thousands, except per share amounts)
Basic earnings per common share:
Net income (loss) attributable to common stockholders	$	984	$	(85,120	)	$	(195,138	)	$	(189,033	)
Weighted-average number of common shares – basic		196,978		189,303			193,605			187,645
Basic earnings (loss) per common share	$	0.00	$	(0.45	)	$	(1.01	)	$	(1.01	)
Diluted earnings per common share:
Net income (loss) attributable to common stockholders	$	984	$	(85,120	)	$	(195,138	)	$	(189,033	)
Weighted-average number of common shares – basic		196,978		189,303			193,605			187,645
Effect of dilutive securities:
Stock options and restricted stock units		3,495		-			-			-
Weighted-average number of common shares – diluted		200,473		189,303			193,605			187,645
Diluted earnings (loss) per common share	$	0.00	$	(0.45	)	$	(1.01	)	$	(1.01	)

Anti-dilutive Securities Excluded from Computation of Diluted Net Loss Per Share

The following securities were excluded from the computation of net income (loss) per diluted share of common stock for periods presented as their effect would have been anti-dilutive:

	Nine Months Ended September 30,
	2023		2022
	(in thousands)
Options to purchase common stock		23,302		25,542
Unvested restricted common stock		-		806
Unvested RSUs		142		977
Total		23,444		27,325