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Net (Loss) Income Per Share (Tables)

9 Months Ended

Sep. 30, 2021

Earnings Per Share [Abstract]

Schedule of Net (Loss) Income Per Share, Basic and Diluted

The details of basic and diluted net (loss) income per share are as follows:

						Three Months Ended												Nine Months Ended
						September 30,												September 30,
						2021						2020						2021						2020
Numerator:
Net (loss) income						$	(50,128)					$	5,844					$	51,788					$	74,589
Less: Net (loss) income attributable to participating securities						(3)						(4)						(6)						(4)
Net (loss) income attributable to Class A and Class B common stockholders, basic						(50,131)						5,840						51,782						74,585
Add: Interest expense, net of tax, attributable to assumed conversion of convertible senior notes						—			(1)			—						—						—
Net (loss) income attributable to Class A and Class B common stockholders, diluted						$	(50,131)					$	5,840					$	51,782					$	74,585
Denominator:
Weighted average shares, basic						308,195,379						289,318,391						305,119,985						287,063,892
Dilutive effect of stock options, restricted stock, and RSUs						—						10,316,570						9,430,643						10,187,457
Dilutive effect of ESPP						—						—						107,508						—
Dilutive effect of assumed conversion of convertible senior notes						—						—						—						—
Weighted average shares, diluted						308,195,379						299,634,961						314,658,136						297,251,349
Net (loss) income per share, basic						$	(0.16)					$	0.02					$	0.17					$	0.26
Net (loss) income per share, diluted						$	(0.16)					$	0.02					$	0.16					$	0.25

(1)The effect of interest expense, net of tax, attributable to assumed conversion of convertible senior notes for the three months ended September 30, 2021 has been excluded from the calculation of diluted net loss per share due to the net loss for the period.

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following potential common shares were excluded from the calculation of diluted net (loss) income per share attributable to common stockholders because their effect would have been anti‑dilutive for the periods presented:

			Three Months Ended												Nine Months Ended
			September 30,												September 30,
			2021						2020						2021						2020
Stock options, restricted stock, and RSUs			8,174,124						—						90,400						1,150,860
ESPP			97,804						—						—						—
Convertible senior notes			17,667,623						—						12,076,899						—
Total anti-dilutive securities			25,939,551			(1)			—						12,167,299						1,150,860

(1)The effect of dilutive securities for the three months ended September 30, 2021 have been excluded from the calculation of diluted net loss per share as those potential common shares would have been anti‑dilutive due to the net loss for the period, except for 90,400 RSUs that were anti‑dilutive under the two‑class method calculation of diluted net (loss) income per share.

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- References

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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