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Net Income (Loss) Per Share (Tables)

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Schedule of Net Income Per Share, Basic and Diluted

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

						Three Months Ended												Nine Months Ended
						September 30,												September 30,
						2022						2021						2022						2021
Numerator:
Net income (loss)						$	36,997					$	(48,022)					$	149,058					$	54,611
Less: Net income (loss) attributable to participating securities						(11)						(3)						(31)						(6)
Net income (loss) attributable to Class A and Class B common stockholders, basic						36,986						(48,025)						149,027						54,605
Add: Interest expense, net of tax, attributable to assumed conversion of convertible senior notes						832						—			(1)			5,116						—
Net income (loss) attributable to Class A and Class B common stockholders, diluted						$	37,818					$	(48,025)					$	154,143					$	54,605
Denominator:
Weighted average shares, basic						310,116,104						308,195,379						308,959,801						305,119,985
Dilutive effect of stock options, restricted stock, and RSUs						4,126,936						—						5,278,839						9,430,643
Dilutive effect of ESPP						168,518						—						171,571						107,508
Dilutive effect of assumed conversion of convertible senior notes						10,758,825						—						17,667,623						—
Weighted average shares, diluted						325,170,383						308,195,379						332,077,834						314,658,136
Net income (loss) per share, basic						$	0.12					$	(0.16)					$	0.48					$	0.18
Net income (loss) per share, diluted						$	0.12					$	(0.16)					$	0.46					$	0.17

(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 income (loss) 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,
			2022						2021						2022						2021
RSUs			297,789						8,174,124						279,789						90,400
ESPP			—						97,804						—						—
Convertible senior notes			6,908,798						17,667,623						—						12,076,899
Total anti-dilutive securities			7,206,587						25,939,551			(1)			279,789						12,167,299

(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 income (loss) 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 https://asc.fasb.org/extlink&oid=124432515&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 https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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