Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Share (Tables)

v3.23.3
Net Income Per Share (Tables)
 9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Summary of Basic and Diluted Earnings Per Share The table below presents the computation of basic and diluted EPS:
Three Months Ended September 30, Nine Months Ended September 30,
2023 2022 2023 2022
(in thousands, except per share amounts)
Numerator:
Net income (loss) $ (39,829) $ 28,408  $ (34,647) $ 93,960 
Denominator:
Weighted average common shares outstanding—basic 81,249  78,436  80,395  77,833 
Dilutive common stock equivalents —  1,624  —  2,498 
Weighted average common shares outstanding—diluted 81,249  80,060  80,395  80,331 
Net income (loss) per share:
Basic $ (0.49) $ 0.36  $ (0.43) $ 1.21 
Diluted $ (0.49) $ 0.35  $ (0.43) $ 1.17