Net Income (Loss) Per Share

9 Months Ended

Sep. 30, 2023

(12)

Net Income (Loss) Per Share

The following table sets forth the computation of basic and diluted net income (loss) per share:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023			2022
Numerator:
Net income (loss)	$	39	$	6	$	(1,772	)	$	279
Denominator:
Shares used in net income (loss) per common share – basic		66.9		61.0		66.8			57.4
Effect of dilutive securities		0.2		0.1		—			0.2
Shares used in net income (loss) per common share – diluted		67.1		61.1		66.8			57.6
Net income (loss) per common share:
Basic	$	0.59	$	0.09	$	(26.53	)	$	4.85
Diluted	$	0.58	$	0.09	$	(26.53	)	$	4.84

Basic earnings per share (“EPS”) is computed by dividing income (loss) available to common stockholders by the weighted-average number of common shares outstanding during the period. The computation of diluted EPS is similar to the computation of basic EPS except that the denominator is increased to include the number of additional common shares that would have been outstanding (using the treasury stock method) if securities containing potentially dilutive common shares had been converted to such common shares, and if such assumed conversion is dilutive. In periods in which a net loss is recognized, the impact of restricted stock units (“RSUs”) is not included as they are antidilutive.

For the three and nine months ended September 30, 2023 and 2022, the Company had an immaterial quantity of RSUs that were antidilutive and were excluded from the computation of diluted weighted-average shares.