XML 28 R17.htm IDEA: XBRL DOCUMENT
v3.20.2

Net Loss Per Share | 6 Months Ended
--- | ---
Jun. 30, 2020
Earnings Per Share [Abstract] |
Net Loss Per Share | Net Loss Per ShareBasic net loss per share is computed by dividing the net loss by the weighted-average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by giving effect to all potential shares of common stock, including convertible senior notes, outstanding stock options, stock related to unvested restricted stock units, and common stock issuable pursuant to the ESPP to the extent dilutive. Basic and diluted net loss per share was the same for each period presented, as the inclusion of all potential common shares outstanding would have been anti-dilutive. The net loss per share is allocated based on the participation rights of the Class A and Class B common shares as if the loss for the year has been distributed. As the liquidation and dividend rights are identical, the net loss is allocated on a proportionate basis. A reconciliation of the denominator used in the calculation of basic and diluted loss per share is as follows (in thousands, except share and per share data):
| Three months ended |  |  |  |  |  |
| June 30, 2020 |  |  |  | June 30, 2019 |  |
| Class A |  | Class B |  | Class A |  | Class B
Numerator |  |  |  |  |  |  |
Net loss | $ | (16,257) |  |  | $ | (3,508) |  |  | $ | (6,626) |  |  | $ | (1,696) |
Denominator |  |  |  |  |  |  |
Weighted-average common shares outstanding - basic and diluted | 39,622,989 |  |  | 8,548,563 |  |  | 36,758,866 |  |  | 9,407,794 |
Basic and diluted net loss per share | $ | (0.41) |  |  | $ | (0.41) |  |  | $ | (0.18) |  |  | $ | (0.18) |
| Six months ended |  |  |  |  |  |
| June 30, 2020 |  |  |  | June 30, 2019 |  |
| Class A |  | Class B |  | Class A |  | Class B
Numerator |  |  |  |  |  |  |
Net loss | $ | (24,905) |  |  | $ | (5,433) |  |  | $ | (12,523) |  |  | $ | (3,262) |
Denominator |  |  |  |  |  |  |
Weighted-average common shares outstanding - basic and diluted | 39,287,647 |  |  | 8,570,981 |  |  | 36,255,515 |  |  | 9,445,044 |
Basic and diluted net loss per share | $ | (0.63) |  |  | $ | (0.63) |  |  | $ | (0.35) |  |  | $ | (0.35) |
The anti-dilutive securities excluded from the weighted-average shares used to calculate the diluted net loss per common share were as follows:
| As of |  |
| June 30, 2020 |  | June 30, 2019
Shares subject to outstanding common stock options | 3,639,228 |  |  | 4,957,839 |
Shares subject to unvested restricted stock units | 3,006,717 |  |  | 2,780,345 |
Shares issuable pursuant to the ESPP | 103,231 |  |  | 89,311 |
Additionally, approximately 4.3 million shares of our Class A common stock underlying the conversion option in the Notes, are not considered in the calculation of diluted net loss per share as the effect would be anti-dilutive. We use the treasury stock method for calculating any potential dilutive effect of the conversion option on diluted net income per share, if applicable. During the six months ended June 30, 2020, the average market price of our Class A common stock did not exceed the conversion price of the Notes of $80.16 per share.

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