v3.26.1
NET INCOME (LOSS) PER COMMON SHARE (Tables)
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Net Income (Loss) Per Share
The following table sets forth the computation of basic and diluted net income (loss) per share:
Three Months Ended June 30,Six Months Ended June 30,
(In thousands, except per share amounts)
2026202520262025
Net income (loss), as reported$164,494 $(72,228)$370,485 $(90,479)
Adjustment for the elimination of interest expense on the convertible debt
2,392 — 4,766 — 
Net income (loss), for use in diluted income per share$166,886 $(72,228)$375,251 $(90,479)
Weighted-average common shares — basic
133,606 130,628 133,244 130,155 
Effect of dilutive securities:
Convertible debt2,255 — 2,255 — 
Options to purchase common stock, inclusive of performance-based stock options1,634 — 1,756 — 
Restricted stock units, inclusive of performance-based restricted stock units
782 — 990 — 
Employee stock purchase program
4 — 4 — 
Weighted-average common shares — diluted
138,281 130,628 138,249 130,155 
Net income (loss) per common share — basic$1.23 $(0.55)$2.78 $(0.70)
Net income (loss) per common share — diluted$1.21 $(0.55)$2.71 $(0.70)
Schedule of Common Share Equivalents Excluded from the Calculation of Net Loss Per Common Share
The following table sets forth the potential weighted-average common shares excluded from the calculation of diluted net income (loss) per common share because their inclusion would be anti-dilutive:
Three Months Ended
June 30,		Six Months Ended
June 30,
(In thousands)2026202520262025
Options to purchase common stock, inclusive of performance-based stock options386 4,698 235 4,879 
Unvested restricted stock units, inclusive of performance-based restricted stock units734 2,762 405 2,583 
Convertible debt— 3,616 — 3,616 
Total1,120 11,076 640 11,078