XML 76 R14.htm IDEA: XBRL DOCUMENT v3.23.3
Net Income (Loss) Per Share
 9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share Net Income (Loss) Per Share
For the three and nine months ended September 30, 2022 and for the nine months ended September 30, 2023, the net loss attributable to common stockholders is divided by the weighted-average number of shares of common stock outstanding during the period to calculate both basic and diluted earnings per share. The dilutive effect of common stock equivalents has been excluded from the calculation of diluted net loss per share for these periods as its effect would have been anti-dilutive due to the net losses incurred for the periods.
For the three months ended September 30, 2023, dilutive net income per share was calculated by dividing net income by the weighted-average number of shares of common stock outstanding during the period, including the dilutive impact of stock options and shares of common stock issuable upon the vesting of Restricted Stock Awards.
The following table presents a reconciliation of weighted-average shares outstanding used in the calculation of basic and diluted net income (loss) per share:
Three Months Ended September 30, 2023Nine Months Ended September 30, 2023
2023202220232022
Weighted-average shares outstanding:
Weighted-average number of shares of common stock used in computing net income (loss) per share attributable to common stockholders—basic142,837,120 141,256,000 142,246,586 141,034,000 
Dilutive effect of share equivalents resulting from stock options3,207,854 — — — 
Dilutive effect of share equivalents resulting from restricted stock awards225,654 — — — 
Weighted-average number of shares of common stock used in computing net income (loss) per share attributable to common stockholders—diluted146,270,628 141,256,000 142,246,586 141,034,000 
The following potentially dilutive common stock equivalents have been excluded from the calculation of diluted weighted-average shares outstanding for the three and nine months ended September 30, 2023 and 2022:
Three Months Ended September 30,Nine Months Ended September 30,
2023202220232022
Stock options outstanding4,452,615 6,797,943 8,175,646 6,797,943 
Unvested RSAs, RSUs, and PSUs1,779,298 1,249,624 2,635,840 1,249,624 
6,231,913 8,047,567 10,811,486 8,047,567 
For the three and nine months ended September 30, 2023, 1,076,538 and 1,077,726 shares of Class A common stock potentially issuable under PSU awards were excluded from the table above, respectively. For the three and nine months ended September 30, 2022, 1,395,596 shares of Class A common stock potentially issuable under PSU awards were excluded from the table above, respectively. The performance-based conditions had not been met and were deemed improbable of achievement as of the reporting period end date. See Note 15 “Stock-Based Compensation” for additional information regarding the Company’s PSU awards.