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Net Loss Per Share | 6 Months Ended
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Jun. 30, 2022
Net Loss Per Share [Abstract] |
Net Loss Per Share | ‎ NOTE 10. NET LOSS PER SHARE Basic net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share is computed using the weighted average number of shares of common stock outstanding and potential shares assuming the dilutive effect of the convertible senior notes, using the if-converted method, and outstanding stock options, restricted stock units and common stock issuable pursuant to our employee stock purchase plan, or ESPP, using the treasury stock method. The following table presents the calculation of the basic and diluted net loss per share amounts presented in the Condensed Consolidated Statements of Operations and Comprehensive Loss (in thousands, except per share amounts):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Numerator: |  |  |  |  |  |  |
Net loss | $ | (71,394) |  | $ | (41,001) |  | $ | (152,893) |  | $ | (128,436)
Denominator: |  |  |  |  |  |  |  |  |  |  |
Basic |  |  |  |  |  |  |  |  |  |  |
Weighted average shares used in computing basic net loss |  | 224,499 |  |  | 198,568 |  |  | 223,400 |  |  | 196,690
Basic net loss per share | $ | (0.32) |  | $ | (0.21) |  | $ | (0.68) |  | $ | (0.65)
Diluted |  |  |  |  |  |  |  |  |  |  |
Weighted average shares used in computing diluted net loss per share |  | 224,499 |  |  | 198,568 |  |  | 223,400 |  |  | 196,690
Diluted net loss per share | $ | (0.32) |  | $ | (0.21) |  | $ | (0.68) |  | $ | (0.65)
The following outstanding shares issuable upon conversion of the convertible senior notes, common stock options, restricted stock units (“RSUs”), with time-based vesting and performance-based vesting and ESPP shares expected to be purchased, were excluded from the computation of diluted net loss per share for the periods presented because including them would have had an anti-dilutive effect. See Note 9. Stockholders’ Equity in Part I, Item 1 of this Quarterly Report on Form 10-Q for detailed information on RSUs with time-based vesting and RSUs with performance-based vesting.
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in thousands) | 2022 |  | 2021 |  | 2022 |  | 2021
Shares issuable upon conversion of convertible senior notes | 20,690 |  | 20,690 |  | 20,690 |  | 20,690
Options to purchase common stock | 15,602 |  | 12,335 |  | 15,602 |  | 12,335
RSUs | 8,392 |  | 6,820 |  | 8,392 |  | 6,820
ESPP shares | 1,931 |  | 2,336 |  | 1,931 |  | 2,336
These potentially dilutive securities have been excluded from the computation of diluted net loss per share as the effect would be to reduce the net loss per share. Therefore, the weighted-average number of shares of common stock outstanding used to calculate both basic and diluted net loss per share is the same. As described in Note 2. Business Acquisition s in Part I, Item 1 of this Quarterly Report on Form 10-Q, the contingently issuable shares would be due upon the achievement of a milestone.

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