| Schedule of Basic and Diluted Loss Per Share |
The following table sets forth the calculation of both basic and diluted net (loss) income per share as follows for the periods indicated: | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | (in thousands, except share and per share amounts) | 2026 | | 2025 | | 2026 | | 2025 | | | | Net (loss) income available to common stockholders - basic | $ | (2,669) | | | $ | 19,712 | | | $ | (9,299) | | | $ | 9,616 | | | | Adjustments related to the 2026 Notes (1) | — | | | (15,546) | | | — | | | (13,017) | | | | | Net (loss) income available to common stockholders - diluted | $ | (2,669) | | | $ | 4,166 | | | $ | (9,299) | | | $ | (3,401) | | | | | | | | | | | | | | Weighted average common stock outstanding - basic | 129,596,886 | | | 126,072,603 | | | 128,699,733 | | | 125,578,780 | | | | | Effect of dilutive shares: | | | | | | | | | | | 2026 Notes | — | | | 12,490,375 | | | — | | | 15,011,027 | | | | | RSUs | — | | | 1,731,313 | | | — | | | — | | | | | Weighted average common stock outstanding - diluted | 129,596,886 | | | 140,294,291 | | | 128,699,733 | | | 140,589,807 | | | | | | | | | | | | | | | Basic net (loss) income per share: | $ | (0.02) | | | $ | 0.16 | | | $ | (0.07) | | | $ | 0.08 | | | | | Diluted net (loss) income per share: | $ | (0.02) | | | $ | 0.03 | | | $ | (0.07) | | | $ | (0.02) | | | |
(1) For the three and six months ended June 30, 2025, the adjustments related to the 2026 Notes include the net gain related to the exchange and repurchases offset by interest expense and amortization of debt issuance costs related to the 2026 Notes (net of taxes).
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| Schedule of Antidilutive Securities Excluded from Earnings Per Share Computation |
The following shares have been excluded from the calculation of the weighted average diluted shares outstanding as the effect would have been anti-dilutive:
| | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | | | 2026 Notes | 3,250,447 | | | — | | | 3,250,447 | | | — | | | | | 2028 Notes | 87,412,575 | | | 87,412,575 | | | 87,412,575 | | | 87,412,575 | | | | | RSUs | 14,861,966 | | | 3,031,211 | | | 14,861,966 | | | 13,970,137 | | | | | Stock Options | 2,439,920 | | | 2,930,820 | | | 2,439,920 | | | 2,930,820 | | | | | PSUs | 1,937,251 | | | 2,845,617 | | | 1,937,251 | | | 2,845,617 | | | | | | | | | | | | | | | | | | | | | | | |
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