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Net Income Per Share (Tables)
9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Schedule of Reconciliation of Net Income and Number of Shares in the Calculation of Basic and Diluted Net Income per Share A reconciliation of net income and the number of shares in the calculation of basic and diluted net income per share is as follows (in thousands, except share and per share amounts):
Three Months Ended
September 30
Nine Months Ended
September 30,
2024202320242023
Basic net income per common share:
Numerator:
Net income $10,421$15,898$43,804$48,567
Denominator:
Weighted-average shares used in computing basic net income per share90,067,67595,502,25091,650,57694,698,616
Basic net income per share $0.12$0.17$0.48$0.51
Diluted net income per common share:
Numerator:
Net income$10,421$15,898$43,804$48,567
Denominator:
Weighted-average shares used in computing basic net income per share90,067,67595,502,25091,650,57694,698,616
Effect of dilutive securities
Options to purchase common stock3,377,9464,469,2523,624,5305,003,182
Shares issuable under ESPP12,7082,1466,9311,306
Warrants to purchase common stock283,620472,147237,630515,335
Restricted stock units79,863433,781238,862334,266
Total effect of dilutive securities3,754,1375,377,3264,107,9535,854,089
Weighted-average shares used in computing diluted net income per share93,821,812100,879,57695,758,529100,552,705
Diluted net income per share $0.11$0.16$0.46$0.48
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
The following weighted-average outstanding shares of potentially dilutive securities were excluded from the computation of diluted income per share for the period presented because including them would have been antidilutive:
Three Months Ended
September 30,
Nine Months Ended
September 30,
2024202320242023
Options to purchase common stock14,229,10211,988,89913,405,51811,887,706
Shares issuable under ESPP2,7802,9351,589
Restricted stock units2,793,955986,7981,919,8931,045,151
Total 17,025,83712,975,69715,328,34612,934,446