XML 31 R20.htm IDEA: XBRL DOCUMENT
v3.21.2

Net Income (Loss) Per Share (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2021
Earnings Per Share [Abstract] |
Schedule of Earnings Per Share, Basic, by Common Class, Including Two Class Method | The following table presents the Company’s basic net income (loss) per share (in thousands, except per share amounts):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Net income (loss) per share, basic: |  |  |  |  |  |  |
Net income (loss) | $ | (52,847) |  |  | $ | 21,323 |  |  | $ | (39,449) |  |  | $ | 10,241 |
Less: Accretion of redeemable convertible preferred stock | (483) |  |  | (956) |  |  | (1,480) |  |  | (1,911) |
Less: Undistributed earnings attributable to participating securities | — |  |  | (4,745) |  |  | — |  |  | (1,943) |
Net income (loss) attributable to Class A and Class B common stockholders | $ | (53,330) |  |  | $ | 15,622 |  |  | $ | (40,929) |  |  | $ | 6,387 |
Weighted average shares of Class A and Class B common stock outstanding | 96,726 |  |  | 79,681 |  |  | 87,829 |  |  | 79,552 |
Net income (loss) per share attributable to Class A and Class B common stockholders, basic | $ | (0.55) |  |  | $ | 0.20 |  |  | $ | (0.47) |  |  | $ | 0.08 |
Schedule of Earnings Per Share, Diluted, by Common Class, Including Two Class Method | The following table presents the Company’s diluted net income (loss) per share (in thousands, except per share amounts):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Net income (loss) per share, diluted: |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income (loss) attributable to Class A and Class B common stockholders | $ | (53,330) |  |  | $ | 15,622 |  |  | $ | (40,929) |  |  | $ | 6,387 |
Add: |  |  |  |  |  |  |
Reallocation of net income attributable to participating securities | — |  |  | 477 |  |  | — |  |  | 202 |
Interest on convertible notes with related parties, net of tax | — |  |  | 11 |  |  | — |  |  | — |
Net income (loss) attributable to Class A and Class B common stockholders, diluted | $ | (53,330) |  |  | $ | 16,110 |  |  | $ | (40,929) |  |  | $ | 6,589 |
Denominator: |  |  |  |  |  |  |
Weighted average shares of Class A and Class B common stock outstanding, basic | 96,726 |  |  | 79,681 |  |  | 87,829 |  |  | 79,552 |
Effect of dilutive securities: |  |  |  |  |  |  |
Options to purchase common stock | — |  |  | 11,236 |  |  | — |  |  | 12,029 |
Convertible notes with related parties | — |  |  | 373 |  |  | — |  |  | — |
Weighted average shares of Class A and Class B common stock outstanding, diluted | 96,726 |  |  | 91,290 |  |  | 87,829 |  |  | 91,581 |
Net income (loss) per share attributable to Class A and Class B common stockholders, diluted | $ | (0.55) |  |  | $ | 0.18 |  |  | $ | (0.47) |  |  | $ | 0.07 |
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share | The following table presents the weighted average number of potentially dilutive common stock equivalents excluded from the computation of diluted net income (loss) per share because their inclusion would have been anti-dilutive (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Options to purchase common stock | 15,521 |  |  | 6,643 |  |  | 17,065 |  |  | 5,499 |
Restricted stock units | 6,078 |  |  | 3,921 |  |  | 5,820 |  |  | 3,550 |
Redeemable convertible preferred stock, if converted basis | 11,436 |  |  | — |  |  | 17,784 |  |  | — |
Convertible notes with related parties, if converted basis | 1,860 |  |  | — |  |  | 2,457 |  |  | 187 |
Unvested early exercise common stock | 61 |  |  | — |  |  | 31 |  |  | — |
Total shares excluded from diluted net income (loss) per share | 34,956 |  |  | 10,564 |  |  | 43,157 |  |  | 9,236 |

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 -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + 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 the effect of income (loss) on basic earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=125512782&loc=d3e4984-109258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=125511455&loc=d3e1278-109256 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicByCommonClassTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the effect of income (loss) on an entity's diluted earnings per share. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=125511455&loc=d3e1278-109256 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=125512782&loc=d3e4984-109258 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareDilutedByCommonClassTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration