Net Loss per Share (Tables)

6 Months Ended

Jun. 30, 2023

Schedule of Basic and Diluted Net Loss Per Share Attributable to Common Stockholders

The following table sets forth the computation of the Company’s basic and diluted net loss per share for the periods presented:


	Three Months Ended June 30,				Six Months Ended June 30,
(In thousands, except share and per share data)	2023		2022		2023		2022
Numerator:




Basic: net income (loss)	$	(3,991)	$	(23,820)	$	13,176	$	(48,558)
Gain on early extinguishment of debt, net of tax	—		—		(38,525)		—
Interest expense related to convertible senior notes, net of tax	—		—		638		—
Diluted	$	(3,991)	$	(23,820)	$	(24,711)	$	(48,558)

Denominator:
Weighted-average shares used to compute net income (loss) per share, basic and diluted
Basic	134,141,525		130,060,694		133,492,087		129,707,197




Common stock issuable in connection with convertible senior notes	—		—		1,556,641		—
Diluted	134,141,525		130,060,694		135,048,728		129,707,197

Net income (loss) per share:
Basic	$	(0.03)	$	(0.18)	$	0.10	$	(0.37)
Diluted	$	(0.03)	$	(0.18)	$	(0.18)	$	(0.37)

Schedule of Potentially Dilutive Shares Excluded from Computation of Diluted Net Loss Per Share Attributable to Common Stockholders

The following potentially dilutive shares were excluded from the computation of diluted net loss per share because including them would have been anti-dilutive:


	As of June 30,
	2023	2022
Options to purchase common stock	3,577,554	3,992,597
Common stock issuable upon exercise of common stock warrants	350,000	350,000
Common stock issuable upon vesting of restricted stock units and performance stock units	10,332,782	7,695,246
Common stock issuable in connection with employee stock purchase plan	1,821,635	1,149,219
Common stock issuable in connection with convertible senior notes	5,463,045	8,701,935
Total	21,545,016	21,888,997