EARNINGS (LOSS) PER SHARE (Tables)

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Basic and Diluted Net Loss Per Share

The following table sets forth the computation of basic and diluted earnings (loss) per common share:

	For the Three Months Ended September 30,					For the Nine Months Ended September 30,
	2024		2023			2024		2023
	(in thousands, except per share amounts)
Numerator:
Net income (loss) - basic	$	33,611	$	(40,937	)	$	76,190	$	(581,632	)
Add: interest expense, net of tax, on the Company's      convertible debt		413		—			1,182		—
Net income (loss) - diluted	$	34,024	$	(40,937	)	$	77,372	$	(581,632	)
Denominator:
Weighted-average common shares outstanding, basic		95,390		88,889			94,669		88,609
Effect of dilutive securities:
Common stock issuable under the Company's      equity incentive plans		3,810		—			3,529		—
Common stock issuable under the Company's       convertible debt		1,248		—			1,374		—
Weighted-average common shares outstanding, diluted		100,448		88,889			99,572		88,609
Earnings (loss) per common share, basic	$	0.35	$	(0.46	)	$	0.80	$	(6.56	)
Earnings (loss) per common share, diluted	$	0.34	$	(0.46	)	$	0.78	$	(6.56	)

Summary of Potential Shares of Common Stock that were Excluded from the Computation of Diluted Earnings per Share

The following table summarizes potential shares of common stock that were excluded from the computation of diluted earnings per share as they were anti-dilutive:

	As of September 30, 2024			As of September 30, 2023
	(in thousands)
Common stock issuable under the Company's equity incentive plans		2,464	(1)		12,111	(2)
Common stock issuable under the Company's convertible debt		8,100			9,542
Total number of potentially issuable common stock		10,564			21,653

(1) As of September 30, 2024, the anti-dilutive common stock issuable under the Company's equity incentive plans excludes 1.2 million shares that are dilutive but have performance or market conditions that were not met as of the end of the period.

(2) As of September 30, 2023, the anti-dilutive common stock issuable under the Company's equity incentive plans includes 1.1 million shares that have performance or market conditions that were not met as of the end of the period because these were anti-dilutive as the Company was in a net loss position at the end of the period.