XML 27 R18.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Net Income (Loss) Per Share | 9 Months Ended
--- | ---
Sep. 30, 2022
Earnings Per Share [Abstract] |
Net Income (Loss) Per Share | 11. Net Income (Loss) Per Share Basic net income (loss) per common share is computed by dividing the net income (loss) by the weighted-average number of common shares outstanding during the period, without consideration of common stock equivalents. Diluted net income (loss) per common share is computed by dividing the net income (loss) by the sum of the weighted-average number of common shares outstanding during the period plus any potential dilutive effects of common stock equivalents outstanding during the period calculated in accordance with the treasury stock method. For periods that the Company was in a net loss position, basic net loss per share is the same as diluted net loss per share as the inclusion of all potential common securities outstanding would have been anti-dilutive The following is a calculation of the basic and diluted net income per share (in thousands, except share and per share data):
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Net income, basic and diluted |  | $ | 175,312 |  |  | $ | 110,428 |  |  | $ | 617,440 |  |  | $ | 3,330 |
Weighted-average shares outstanding, basic |  |  | 132,729,530 |  |  |  | 130,665,831 |  |  |  | 132,422,028 |  |  |  | 129,520,837 |
Weighted-average effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |
Options to purchase common stock |  |  | 2,144,302 |  |  |  | 3,173,930 |  |  |  | 2,227,493 |  |  |  | 3,757,681 |
Restricted shares subject to future vesting |  |  | 75,759 |  |  |  | 14,658 |  |  |  | 55,080 |  |  |  | 36,138 |
Shares to purchase under Employee Stock Purchase Plan |  |  | 13,726 |  |  |  | — |  |  |  | 7,176 |  |  |  | — |
Contingently issuable shares |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 4,323 |
Weighted-average shares outstanding, diluted |  |  | 134,963,317 |  |  |  | 133,854,419 |  |  |  | 134,711,777 |  |  |  | 133,318,979 |
Net income per share, basic |  | $ | 1.32 |  |  | $ | 0.85 |  |  | $ | 4.66 |  |  | $ | 0.03 |
Net income per share, diluted |  | $ | 1.30 |  |  | $ | 0.82 |  |  | $ | 4.58 |  |  | $ | 0.02 |
Potentially dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Options issued and outstanding |  |  | 8,381,275 |  |  |  | 6,316,134 |  |  |  | 8,717,954 |  |  |  | 5,278,033 |
Restricted shares subject to future vesting |  |  | 2,194,050 |  |  |  | 1,067,204 |  |  |  | 2,720,818 |  |  |  | 1,025,454 |
Total |  |  | 10,575,325 |  |  |  | 7,383,338 |  |  |  | 11,438,772 |  |  |  | 6,303,487 |

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 -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration