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Net Income (Loss) Per Share (Tables)
6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted

The following table sets forth a reconciliation of the numerator and denominator used to compute basic and diluted earnings per share of common stock (in thousands, except for share and per share data).

 

 

For the Three Months Ended

 

 

For the Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

21,445

 

 

$

(97,344

)

 

$

20,848

 

 

$

(95,160

)

Accretion of redeemable non-controlling interest

 

 

(1,221

)

 

 

(315

)

 

 

(2,363

)

 

 

(315

)

Net income (loss) attributable to common stockholders

 

$

20,224

 

 

$

(97,659

)

 

$

18,485

 

 

$

(95,475

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares of common stock—basic

 

 

609,997,114

 

 

 

621,235,776

 

 

 

604,138,246

 

 

 

618,740,340

 

Dilutive effect of stock-based awards

 

 

28,370,631

 

 

 

 

 

 

32,852,387

 

 

 

 

Weighted average shares of common stock—diluted

 

 

638,367,745

 

 

 

621,235,776

 

 

 

636,990,633

 

 

 

618,740,340

 

Net income (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.03

 

 

$

(0.16

)

 

$

0.03

 

 

$

(0.15

)

Diluted

 

$

0.03

 

 

$

(0.16

)

 

$

0.03

 

 

$

(0.15

)