NET INCOME PER SHARE (Tables)

3 Months Ended

Mar. 31, 2023

Schedule of Calculation of Basic and Diluted Earnings Per Common Share

The following table reflects the calculation of basic and diluted earnings per common share for the three months ended March 31, 2023 and 2022 (in thousands, except for per share amounts):


	Three Months Ended March 31,
	2023		2022
Basic net (loss) income per share
Net (loss) income	$	(3,484)	$	9,064
Weighted-average common shares outstanding	51,005		45,204
Basic net (loss) income per share	$	(0.07)	$	0.20

Diluted net income per share
Net (loss) income	$	(3,484)	$	9,064


Weighted-average common shares and share equivalents outstanding	51,005		45,204
Add: effect of dilutive stock-based awards and equivalents	—		923

Denominator for diluted net (loss) income per share	51,005		46,127
Diluted net (loss) income per share	$	(0.07)	$	0.20

Schedule of Anti-Dilutive Securities Excluded from Computation of Diluted Net Income Per Share

The following table reflects outstanding potentially dilutive common shares that are not included in the computation of diluted net (loss) income per share, because to do so would be anti-dilutive, for the three months ended March 31, 2023 and 2022 (in thousands):


	Three Months Ended March 31,
	2023	2022
Convertible notes	14,489	—
Stock-based awards and equivalents	8,271	1,215
Total potentially dilutive common shares	22,760	1,215