XML 32 R20.htm IDEA: XBRL DOCUMENT
v3.20.2

Net Income (Loss) Per Share | 6 Months Ended
--- | ---
Jun. 30, 2020
Earnings Per Share [Abstract] |
Net Income (Loss) Per Share | Net Income (Loss) Per Share The Company computes net income (loss) per share using the two-class method required for multiple classes of common stock and participating securities. The rights, including the liquidation and dividend rights, of the Class A common stock and Class B common stock are substantially identical, other than voting rights. Accordingly, the Class A common stock and Class B common stock share equally in the Company’s net income and losses. Basic net income (loss) per share is computed by dividing net income attributable to common stockholders by the weighted-average number of shares of the Class A and Class B common stock outstanding. Diluted net income (loss) per share is computed by dividing net income attributable to common stockholders by the weighted-average number of diluted common shares outstanding. The computation of the diluted net income (loss) per share of Class A common stock assumes the conversion of our Class B common stock to Class A common stock, while the diluted net income (loss per share) of Class B common stock does not assume the conversion of those shares to Class A common stock. Diluted loss per share for the three and six months ended June 30, 2019 is the same as basic loss per share as there was a net loss for the period and inclusion of potentially issuable shares is anti-dilutive. The numerators and denominators of the basic and diluted EPS computations for our common stock are calculated as follows (in millions, except for per share amounts
| Three months ended June 30, | Three months ended June 30,
| 2020 |  | 2019
| Class A |  | Class B |  | Class A |  | Class B
Basic net income (loss) per share: |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |
Net income (loss) attributable to common stockholders | $ | 11.9 |  |  | $ | 5.6 |  |  | $ | (12.0 | ) |  | $ | (9.4 | )
Denominator |  |  |  |  |  |  |
Weighted-average number of common shares outstanding used in computing basic net income (loss) per share | 281.5 |  |  | 132.7 |  |  | 231.1 |  |  | 181.3 |
Net income (loss) per common share, basic | $ | 0.04 |  |  | $ | 0.04 |  |  | $ | (0.05 | ) |  | $ | (0.05 | )
Diluted net income (loss) per share: |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |
Net income (loss) attributable to common stockholders | $ | 11.9 |  |  | $ | 5.6 |  |  | $ | (12.0 | ) |  | $ | (9.4 | )
Reallocation of net income as a result of conversion of Class B to Class A common stock | $ | 5.6 |  |  | — |  |  | — |  |  | — |
Reallocation of net income to Class B common stock | — |  |  | $ | (0.1 | ) |  | — |  |  | — |
Net income (loss) attributable to common stockholders for diluted EPS | $ | 17.5 |  |  | $ | 5.5 |  |  | $ | (12.0 | ) |  | $ | (9.4 | )
Denominator |  |  |  |  |  |  |
Weighted-average number of common shares outstanding used in computing basic net income (loss) per share | 281.5 |  |  | 132.7 |  |  | 231.1 |  |  | 181.3 |
Weighted-average effect of dilutive RSUs and employee stock options | 6.0 |  |  | 0.3 |  |  | — |  |  | — |
Conversion of Class B to Class A common stock | 132.7 |  |  | — |  |  | — |  |  | — |
Weighted-average number of common shares outstanding used in computed diluted net income (loss) per share | 420.2 |  |  | 133.0 |  |  | 231.1 |  |  | 181.3 |
Net income (loss) per common share, diluted | $ | 0.04 |  |  | $ | 0.04 |  |  | $ | (0.05 | ) |  | $ | (0.05 | )
| Six months ended June 30, | Six months ended June 30,
| 2020 |  | 2019
| Class A |  | Class B |  | Class A |  | Class B
Basic net income (loss) per share: |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |
Net income (loss) attributable to common stockholders | $ | 37.0 |  |  | $ | 19.8 |  |  | $ | (15.8 | ) |  | $ | (13.3 | )
Denominator |  |  |  |  |  |  |
Weighted-average number of common shares outstanding used in computing basic net income (loss) per share | 270.7 |  |  | 145.0 |  |  | 223.2 |  |  | 188.3 |
Net income (loss) per common share, basic | $ | 0.14 |  |  | $ | 0.14 |  |  | $ | (0.07 | ) |  | $ | (0.07 | )
Diluted net income (loss) per share: |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |
Net income (loss) attributable to common stockholders | $ | 37.0 |  |  | $ | 19.8 |  |  | $ | (15.8 | ) |  | $ | (13.3 | )
Reallocation of net income as a result of conversion of Class B to Class A common stock | $ | 19.8 |  |  | — |  |  | — |  |  | — |
Reallocation of net income to Class B common stock | — |  |  | $ | (0.1 | ) |  | — |  |  | — |
Net income (loss) attributable to common stockholders for diluted EPS | $ | 56.8 |  |  | $ | 19.7 |  |  | $ | (15.8 | ) |  | $ | (13.3 | )
Denominator |  |  |  |  |  |  |
Weighted-average number of common shares outstanding used in computing basic net income (loss) per share | 270.7 |  |  | 145.0 |  |  | 223.2 |  |  | 188.3 |
Weighted-average effect of dilutive RSUs and employee stock options | 3.6 |  |  | 0.3 |  |  | — |  |  | — |
Conversion of Class B to Class A common stock | 145.0 |  |  | — |  |  | — |  |  | — |
Weighted-average number of common shares outstanding used in computed diluted net income (loss) per share | 419.3 |  |  | 145.3 |  |  | 223.2 |  |  | 188.3 |
Net income (loss) per common share, diluted | $ | 0.14 |  |  | $ | 0.14 |  |  | $ | (0.07 | ) |  | $ | (0.07 | )
The weighted-average impact of potentially dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive was as follows:
| Three months ended June 30, |  | Six months ended June 30,
| 2020 |  | 2019 |  | 2020 |  | 2019
Restricted stock units | 9.4 |  |  | 31.3 |  |  | 11.1 |  |  | 28.0 |
Options to purchase shares of common stock | 0.8 |  |  | 2.1 |  |  | 0.9 |  |  | 1.9 |
Co-Founder Grants | 10.3 |  |  | 14.7 |  |  | 12.2 |  |  | 14.7 |
Total | 20.5 |  |  | 48.1 |  |  | 24.2 |  |  | 44.6 |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -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 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration