v3.25.0.1
Net Earnings (Loss) Per Share Attributable to Common Stockholders
 12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Net Earnings (Loss) Per Share Attributable to Common Stockholders Net Earnings (Loss) Per Share Attributable to Common Stockholders
The following table presents the calculation of basic and diluted net earnings (loss) per share attributable to common stockholders (in thousands, except share and per share amounts):
As of December 31,
202420232022
Numerator
Net income (loss) attributable to common stockholders for diluted net earnings (loss) per share$462,190 $209,825 $(373,705)
Denominator
Weighted-average shares used in computing net earnings (loss) per share:
Basic2,250,163 2,147,446 2,063,793 
Effect of dilutive shares200,655 150,481 — 
Diluted2,450,818 2,297,927 2,063,793 
Net earnings (loss) per share
Net earnings (loss) per share attributable to common stockholders:
Basic$0.21 $0.10 $(0.18)
Diluted$0.19 $0.09 $(0.18)
Diluted net earnings (loss) per share is calculated using our weighted-average outstanding common shares including the dilutive effect of stock awards as determined under the treasury stock method. The following outstanding potentially dilutive common stock equivalents have been excluded from the computation of diluted net earnings (loss) per share attributable to common stockholders for the periods presented due to their anti-dilutive effect (in thousands):
As of December 31,
202420232022
Options and SARs issued and outstanding— 162,000 326,913 
RSUs and P-RSUs outstanding— 13,245 126,426 
Warrants to purchase common stock— — 13,042 
Total— 175,245 466,381 
As of December 31, 2024, the Company had 6.4 million Time-Vesting SARs outstanding, of which, the maximum number of potentially dilutive Class A common shares upon vesting would be the fraction that equals the maximum appreciation divided by the Company’s Class A common stock price at that time.