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Net Income (Loss) Per Share Attributable to Common Shareholders (Tables)
12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Net Income (Loss) per Share

The following table sets forth the computation of basic and diluted net income (loss) per share for the periods ended (in thousands, except share and per share amounts):

 

 

 

Year ended December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

377,661

 

 

$

(348,865

)

 

$

66,858

 

Basic weighted-average common shares outstanding

 

 

75,948,686

 

 

 

65,949,672

 

 

 

54,392,304

 

Effect of potentially dilutive securities:

 

 

 

 

 

 

 

 

 

Outstanding options

 

 

3,990,579

 

 

 

 

 

 

2,406,962

 

Unvested restricted common shares

 

 

454,231

 

 

 

 

 

 

133,532

 

Diluted weighted-average common shares outstanding

 

 

80,393,496

 

 

 

65,949,672

 

 

 

56,932,798

 

Net income (loss) per common share — basic

 

$

4.97

 

 

$

(5.29

)

 

$

1.23

 

Net income (loss) per common share — diluted

 

$

4.70

 

 

$

(5.29

)

 

$

1.17

 

Schedule of Antidilutive Securities not Include in Computation of Net Income (Loss) per Share

The Company did not include the securities in the following table in the computation of the net income (loss) per share calculations because the effect would have been anti-dilutive during each period:

 

 

 

Year ended December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

Outstanding options

 

 

1,765,881

 

 

 

8,101,980

 

 

 

3,789,129

 

Unvested restricted common shares

 

 

225,904

 

 

 

894,092

 

 

 

108,625

 

ESPP

 

 

6,671

 

 

 

11,257

 

 

 

 

Total

 

 

1,998,456

 

 

 

9,007,329

 

 

 

3,897,754