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Net Income (Loss) Per Share (Tables)
9 Months Ended
Sep. 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 Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

4,132

 

 

$

(21,202

)

 

$

24,980

 

 

$

(116,362

)

Accretion of redeemable non-controlling interest

 

 

(1,320

)

 

 

(1,010

)

 

 

(3,683

)

 

 

(1,325

)

Net income (loss) attributable to common stockholders

 

$

2,812

 

 

$

(22,212

)

 

$

21,297

 

 

$

(117,687

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares of common stock—basic

 

 

615,857,231

 

 

 

624,976,557

 

 

 

608,073,087

 

 

 

620,841,922

 

Dilutive effect of stock-based awards

 

 

26,547,286

 

 

 

 

 

 

30,996,404

 

 

 

 

Weighted average shares of common stock—diluted

 

 

642,404,517

 

 

 

624,976,557

 

 

 

639,069,491

 

 

 

620,841,922

 

Net income (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.00

 

 

$

(0.04

)

 

$

0.04

 

 

$

(0.19

)

Diluted

 

$

0.00

 

 

$

(0.04

)

 

$

0.03

 

 

$

(0.19

)