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Net Income (Loss) Per Share | 12 Months Ended
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Dec. 31, 2023
Earnings Per Share [Abstract] |
Net Income (Loss) Per Share | Note 4—Net Income (Loss) Per Share The following table presents the calculation of basic and diluted net income (loss) per share for periods presented (in thousands, except share and per share amounts):
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Numerator: |  |  |  |  |
Net income (loss) | $ | 307,568 |  |  | $ | (694,288) |  |  | $ | 493,507 |
Add back interest expense, net of tax attributable to assumed conversion of convertible senior notes | 6,336 |  |  | — |  |  | 4,900 |
Net income (loss) attributable to common stockholders—diluted | $ | 313,904 |  |  | $ | (694,288) |  |  | $ | 498,407 |
Denominator: |  |  |  |  |
Weighted average common shares outstanding—basic | 122,503,366 |  |  | 126,778,626 |  |  | 127,224,974 |
Dilutive effect of assumed conversion of options to purchase common stock | 2,222,294 |  |  | — |  |  | 4,149,248 |
Dilutive effect of assumed conversion of restricted stock units | 705,465 |  |  | — |  |  | 1,995,336 |
Dilutive effect of assumed conversion of convertible senior notes | 14,714,281 |  |  | — |  |  | 13,313,766 |
Weighted average common shares outstanding—diluted | 140,145,406 |  |  | 126,778,626 |  |  | 146,683,324 |
Net income (loss) per share attributable to common stockholders—basic | $ | 2.51 |  |  | $ | (5.48) |  |  | $ | 3.88 |
Net income (loss) per share attributable to common stockholders—diluted | $ | 2.24 |  |  | $ | (5.48) |  |  | $ | 3.40 |
The following potential shares of common stock 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:
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Stock options | 174,655 |  |  | 3,127,333 |  |  | 149,683 |
Restricted stock units | 4,719,187 |  |  | 5,081,194 |  |  | 584,033 |
Convertible senior notes | — |  |  | 14,715,935 |  |  | — |
Total anti-dilutive securities | 4,893,842 |  |  | 22,924,462 |  |  | 733,716 |
Since the Company has reported a net loss for the year ended December 31, 2022, diluted net loss per share attributable to common stockholders is the same as basic net loss per share attributable to common stockholders, because dilutive common shares are not assumed to have been issued if their effect is anti-dilutive.

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