Net income (loss) per share (Tables)

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Summary of Calculation of Basic and Diluted Net 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,
	2024			2023		2024			2023
	(in thousands, except per share amounts)
Basic earnings per common share:
Net income (loss) attributable to common stockholders	$	(59,924	)	$	984	$	(217,690	)	$	(195,138	)
Weighted-average number of common shares – basic		235,412			196,978		229,076			193,605
Basic earnings (loss) per common share	$	(0.25	)	$	0.00	$	(0.95	)	$	(1.01	)
Diluted earnings per common share:
Net income (loss) attributable to common stockholders	$	(59,924	)	$	984	$	(217,690	)	$	(195,138	)
Weighted-average number of common shares – basic		235,412			196,978		229,076			193,605
Effect of dilutive securities:
Stock options and restricted stock units		-			3,495		-			-
Weighted-average number of common shares – diluted		235,412			200,473		229,076			193,605
Diluted earnings (loss) per common share	$	(0.25	)	$	0.00	$	(0.95	)	$	(1.01	)

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

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

	Nine Months Ended September 30,
	2024		2023
	(in thousands)
Options to purchase common stock		28,483		23,302
Unvested RSUs		4,489		142
Total		32,972		23,444