XML 49 R36.htm IDEA: XBRL DOCUMENT
v3.23.2

NET INCOME PER SHARE (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2023
Earnings Per Share [Abstract] |
Schedule of Computation of Basic and Diluted Net Income (Loss) Per Common Share | The following table sets forth the computation of basic and diluted net income per common share for the three and six mon ths ended June 30, 2023 and 2022 (in thousands, except per share amounts):
| Three Months Ended June 30, |  | Six Months Ended June 30,
2023 |  | 2022 |  | 2023 |  | 2022
Numerator: |  |  |  |  |  |  |
Net income—basic | $ | 25,763 |  |  | $ | 19,876 |  |  | $ | 6,227 |  |  | $ | 26,704 |
ASU 2020-06 convertible notes if-converted method adjustment | 1,029 |  |  | 1,039 |  |  | — |  |  | 2,078 |
Adjusted net income—diluted | $ | 26,792 |  |  | $ | 20,915 |  |  | $ | 6,227 |  |  | $ | 28,782 |
Denominator: |  |  |  |  |  |  |
Weighted average common shares outstanding—basic | 46,088 |  |  | 45,501 |  |  | 46,019 |  |  | 45,185 |
Computation of diluted securities: |  |  |  |  |  |  |
ASU 2020-06 convertible notes if-converted method adjustment | 5,607 |  |  | 5,607 |  |  | — |  |  | 5,607 |
Dilutive effect of stock options | 108 |  |  | 1,016 |  |  | 92 |  |  | 1,106 |
Dilutive effect of RSUs | 244 |  |  | 347 |  |  | 170 |  |  | 360 |
Dilutive effect of ESPP purchase options | 7 |  |  | 7 |  |  | 4 |  |  | 4 |
Weighted average common shares outstanding—diluted | 52,054 |  |  | 52,478 |  |  | 46,285 |  |  | 52,262 |
Net income per share: |  |  |  |  |  |  |
Basic net income per common share | $ | 0.56 |  |  | $ | 0.44 |  |  | $ | 0.14 |  |  | $ | 0.59 |
Diluted net income per common share | $ | 0.51 |  |  | $ | 0.40 |  |  | $ | 0.13 |  |  | $ | 0.55 |
Schedule of Potential Dilutive Effect of the Securities Excluded from the Calculation of Diluted Loss Per Share | The following table summarizes the outstanding stock options, RSUs and convertible senior notes that were excluded from the diluted net income per common share calculation because the effects of including these potential shares were antidilutive in the periods presented (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Weighted average number of stock options | 5,404 |  |  | 1,948 |  |  | 5,403 |  |  | 1,855 |
Convertible senior notes | — |  |  | — |  |  | 5,607 |  |  | 1,196 |
Weighted average number of RSUs | 701 |  |  | 31 |  |  | 759 |  |  | 24 |
Total | 6,105 |  |  | 1,979 |  |  | 11,769 |  |  | 3,075 |

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 Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
Name: | us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration