XML 28 R17.htm IDEA: XBRL DOCUMENT

Net Income Per Share

9 Months Ended

Sep. 30, 2021

Earnings Per Share [Abstract]

Net Income Per Share

10. Net Income Per Share

Basic net income per share attributable to common stockholders is calculated by dividing the net income attributable to common stockholders by the weighted-average number of shares of common stock outstanding for the period.

Diluted net income per share attributable to common stockholders is computed by dividing the diluted net income attributable to common stockholders by the weighted average number of common shares outstanding for the period, including potential dilutive common shares assuming dilutive effect of outstanding common stock options, restricted stock units, and common stock warrants. In periods when the Company has incurred a net loss, 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.

A reconciliation of net income available to common stockholders and the number of shares in the calculation of basic and diluted net income per share follows (in thousands, except share and per share amounts):


		Three Months Ended						Nine Months Ended
		September 30						September 30
		2021			2020			2021			2020

Basic net income per common share:
Numerator:
Net income		$	16,796		$	4,822		$	50,689		$	7,387

Denominator:
Weighted-average shares used in computing basic net income per share attributable to common stockholders			89,571,226			86,265,297			88,594,135			85,364,608
Basic net income per share attributable to common stockholders		$	0.19		$	0.06		$	0.57		$	0.09

Diluted net income per common share:
Numerator:
Net income attributable to common stockholders		$	16,796		$	4,822		$	50,689		$	7,387
Diluted net income attributable to common stockholders		$	16,796		$	4,822		$	50,689		$	7,387

Denominator:
Weighted-average shares used in computing basic net income per share attributable to common stockholder			89,571,226			86,265,297			88,594,135			85,364,608
Effect of dilutive securities			10,799,105			12,704,291			11,732,086			13,571,881
Weighted-average shares used in computing diluted net income per share attributable to common stockholders			100,370,331			98,969,588			100,326,221			98,936,489
Diluted net income per share attributable to common stockholders		$	0.17		$	0.05		$	0.51		$	0.07

The following weighted-average outstanding shares of potentially dilutive securities were excluded from the computation of diluted income per share attributable to common stockholders for the period presented because including them would have been antidilutive:


		Three Months Ended					Nine Months Ended
		September 30,					September 30,
		2021		2020			2021		2020
Options to purchase common stock		1,165,092		721,202			860,650		517,743
Shares issuable under ESPP		1,082		2,451			140		428
Restricted stock units		74,123		13,829			28,654		59,876
Total		1,240,297		737,482			889,444		578,047