| Schedule of Earnings Per Share |
Basic and diluted net income (loss) per share were calculated as follows (in thousands, except per share data): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | | Six Months Ended
June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Numerator: | | | | | | | | | Net income (loss), basic | $ | (53,387) | | | $ | 106,508 | | | $ | (62,878) | | | $ | 625,154 | | | Interest on convertible notes | — | | | 2,634 | | | — | | | 5,268 | | | Net income (loss), dilutive | (53,387) | | | 109,142 | | | (62,878) | | | 630,422 | | | Denominator: | | | | | | | | | Weighted average number of common shares outstanding, basic | 164,574 | | | 162,019 | | | 163,929 | | | 161,536 | | | Effect of dilutive securities | — | | | 15,196 | | | — | | | 15,874 | | | Weighted average number of common shares outstanding, dilutive | 164,574 | | | 177,215 | | | 163,929 | | | 177,410 | | | Net income (loss) per share: | | | | | | | | | Basic | $ | (0.32) | | | $ | 0.66 | | | $ | (0.38) | | | $ | 3.87 | | | Diluted | $ | (0.32) | | | $ | 0.62 | | | $ | (0.38) | | | $ | 3.55 | | | | | | | | | | | Anti-dilutive securities excluded from calculations of diluted net income per share | 29,698 | | | 8,065 | | | 29,281 | | | 7,210 | |
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