| 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
September 30, | | Nine Months Ended
September 30, | | 2026 | | 2025 | | 2026 | | 2025 | | 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, basic | 164,924 | | | 162,353 | | | 164,264 | | | 161,811 | | | Effect of dilutive securities | — | | | | | — | | | 6,384 | | | Weighted average number of common shares outstanding, dilutive | 164,924 | | | 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 share | 29,271 | | | 29,519 | | | 29,659 | | | 17,386 | |
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