XML 40 R24.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Net Loss Per Share | 12 Months Ended
--- | ---
Dec. 31, 2023
Earnings Per Share [Abstract] |
Net Loss Per Share | (15) Net Loss Per Share The following table summarizes the computation of basic and diluted net loss per share of our common stock for the years ended December 31, 2023 and 2022 :
|  |  |  |  | Year Ended December 31,
|  |  |  |  |  |  |  |  | 2023 |  | 2022 |  | 2021
|  |  | (in thousands, except share and per share data)
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |
Net loss |  |  |  |  |  |  |  |  | $ | (149,260) |  |  | $ | (124,717) |  |  | $ | (146,334) |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average common shares outstanding, basic and diluted |  |  |  |  |  |  |  |  | 60,756,087 |  |  | 58,552,065 |  |  | 55,270,998 |
Net loss per share, basic and diluted |  |  |  |  |  |  |  |  | $ | (2.46) |  |  | $ | (2.13) |  |  | $ | (2.65) |
We intend to settle any conversion of our 2025 Notes, 2027 Notes and 2029 Notes in cash, shares, or a combination thereof. The dilutive impact of the Notes for our calculation of diluted net income (loss) per share is considered using the if-converted method. For the years ended December 31, 2023 and 2022, the shares underlying the Notes were not considered in the calculation of diluted net loss per share as the effect would have been anti-dilutive. In connection with the issuance of the 2023 Notes, the 2025 Notes, the 2027 Notes and the 2029 Notes, we entered into 2023 Capped Calls, 2025 Capped Calls, 2027 Capped Calls and 2029 Capped Calls, which were not included for the purpose of calculating the number of diluted shares outstanding, as their effect would have been anti-dilutive. As further described in Note 11, Debt, the 2023 Capped Calls were not redeemed with the redemption of the 2023 Notes. The 2025 Capped Calls were not redeemed with the partial repurchase of the 2025 Notes and remain outstanding. As of December 31, 2023 and 2022, the 2025 Notes, the 2027 Notes and the 2029 Notes were not convertible at the option of the holder. We had not received any conversion notices through the issuance date of our unaudited consolidated financial statements. For disclosure purposes, we have calculated the potentially dilutive effect of the conversion spread, which is included in the table below. The following potentially dilutive securities outstanding have been excluded from the computation of diluted weighted-average shares outstanding for the respective periods below because they would have been anti-dilutive:
|  | Year Ended December 31,
|  |  |  | 2023 |  | 2022 |  | 2021
Options to purchase common stock |  |  |  | 716,270 |  |  | 932,126 |  |  | 1,411,387 |
Unvested restricted stock units |  |  |  | 2,983,020 |  |  | 3,001,443 |  |  | 2,778,877 |
Common stock issued in conjunction to acquisitions |  |  |  | 115,051 |  |  | 74,627 |  |  | 273,473 |
Shares to be issued under ESPP |  |  |  | 103,778 |  |  | 106,965 |  |  | 36,831 |
Convertible senior notes |  |  |  | 11,183,611 |  |  | 9,572,955 |  |  | 9,573,087 |
Total |  |  |  | 15,101,730 |  |  | 13,688,116 |  |  | 14,073,655 |

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 -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration