Net Income (Loss) Per Share

3 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

Net Income (Loss) Per Share

Net Income (Loss) Per Share

The basic and diluted net income (loss) per share calculations for the three months ended March 31, 2023 and 2022 were as follows:

	Three Months Ended March 31,
	2023		2022
	(In thousands, except per share data)
Net income (loss)	$	(15,000)	$	8,213
Weighted-average shares outstanding – basic	44,887		44,249
Effect of dilutive securities from stock award plans	—		1,646
Effect of convertible senior notes	—		1,918
Effect of warrants	—		105
Weighted-average shares outstanding – diluted	44,887		47,918
Net income (loss) per share – basic	$	(0.33)	$	0.19
Net income (loss) per share – diluted	$	(0.33)	$	0.17
Anti-dilutive weighted-average shares related to stock award plans	3,634		336
Anti-dilutive weighted-average shares related to convertible senior notes and warrants	11,816		—