v3.20.2
Net Income (Loss) Per Share (Tables)
9 Months Ended
Sep. 30, 2020
Earnings Per Share [Abstract]  
Schedule of Calculation of Basic and Diluted Net Loss Per Share

The following table presents the calculation of basic and diluted net loss per share (in thousands, except per share data):

 

 

 

Three Months Ended

September 30,

 

 

Nine Months Ended

September 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Basic net loss per share:

 

Class A

 

 

Class B

 

 

 

 

 

 

 

 

 

 

Class A

 

 

Class B

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(9,773

)

 

$

(5,377

)

 

$

(93

)

 

$

(4,068

)

 

$

(4,257

)

 

$

(4,130

)

 

$

(157

)

 

$

(17,444

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares used in calculating net loss per share, basic

 

 

195,176

 

 

 

107,378

 

 

 

2,322

 

 

 

101,554

 

 

 

151,806

 

 

 

147,299

 

 

 

782

 

 

 

86,976

 

Basic net loss per share

 

$

(0.05

)

 

$

(0.05

)

 

$

(0.04

)

 

$

(0.04

)

 

$

(0.03

)

 

$

(0.03

)

 

$

(0.20

)

 

$

(0.20

)

Diluted net loss per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allocation of distributed loss for basic

   computation

 

$

(9,773

)

 

$

(5,377

)

 

$

(93

)

 

$

(4,068

)

 

$

(4,257

)

 

$

(4,130

)

 

$

(157

)

 

$

(17,444

)

Reallocation of undistributed loss as a

   result of conversion of Class B to Class A shares

 

 

(5,377

)

 

 

 

 

 

(4,068

)

 

 

 

 

 

(4,130

)

 

 

 

 

 

(17,444

)

 

 

 

Allocation of undistributed loss

 

$

(15,150

)

 

$

(5,377

)

 

$

(4,161

)

 

$

(4,068

)

 

$

(8,387

)

 

$

(4,130

)

 

$

(17,601

)

 

$

(17,444

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of shares used in basic calculation

 

 

195,176

 

 

 

107,378

 

 

 

2,322

 

 

 

101,554

 

 

 

151,806

 

 

 

147,299

 

 

 

782

 

 

 

86,976

 

Weighted-average effect of diluted securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Conversion of Class B to Class A common shares outstanding

 

 

107,378

 

 

 

 

 

 

101,554

 

 

 

 

 

 

147,299

 

 

 

 

 

 

86,976

 

 

 

 

Number of shares used in diluted calculation

 

 

302,554

 

 

 

107,378

 

 

 

103,876

 

 

 

101,554

 

 

 

299,105

 

 

 

147,299

 

 

 

87,758

 

 

 

86,976

 

Diluted net loss per share

 

$

(0.05

)

 

$

(0.05

)

 

$

(0.04

)

 

$

(0.04

)

 

$

(0.03

)

 

$

(0.03

)

 

$

(0.20

)

 

$

(0.20

)

 

Schedule of Potentially Dilutive Securities not Included in Diluted Per Share Calculations Potentially dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows (in thousands):

 

 

 

As of September 30,

 

 

 

2020

 

 

2019

 

Shares subject to outstanding stock options and restricted

   stock units

 

 

32,972

 

 

 

37,153

 

Unvested early exercised stock options and restricted stock

 

 

919

 

 

 

1,548

 

Shares subject to the employee stock purchase plan

 

 

131

 

 

 

 

Total

 

 

34,022

 

 

 

38,701