v3.26.3
Earnings per Share
9 Months Ended
Sep. 30, 2026
Earnings Per Share [Abstract]  
Earnings per Share Earnings per Share
Basic and diluted net income (loss) per share were calculated as follows (in thousands, except per share data):
Three Months Ended
September 30,
Nine Months Ended
September 30,
2026202520262025
Numerator:
Net income (loss), basic$(31,376)$(202,379)$(94,254)$422,775 
Interest on convertible notes— — — 2,252 
Net income (loss), dilutive(31,376)(202,379)(94,254)425,027 
Denominator:
Weighted average number of common shares outstanding, basic164,924 162,353 164,264 161,811 
Effect of dilutive securities— — 6,384 
Weighted average number of common shares outstanding, dilutive164,924 162,353 164,264 168,195 
Net income (loss) per share:
Basic$(0.19)$(1.25)$(0.57)$2.61 
Diluted$(0.19)$(1.25)$(0.57)$2.53 
Anti-dilutive securities excluded from calculations of diluted net income per share29,271 29,519 29,659 17,386