XML 19 R10.htm IDEA: XBRL DOCUMENT v3.23.1
BASIC AND DILUTED NET INCOME (LOSS) PER SHARE
 3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
BASIC AND DILUTED NET INCOME (LOSS) PER SHARE BASIC AND DILUTED NET INCOME (LOSS) PER SHARE
Basic net income (loss) per share has been computed by dividing net income (loss) by the weighted-average number of shares of common stock outstanding during the period. Diluted net income (loss) per share is calculated by dividing net income (loss) by the weighted-average number of shares of common stock plus potentially dilutive securities outstanding during the period.
The components of basic and diluted net income (loss) per share are as follows (in thousands, except per share amounts):
Three Months Ended
March 31,
20232022
Numerator:
Net income (loss)$21,133 $(43,977)
Denominator:
Basic:
Weighted average number of common shares outstanding - basic168,533 146,218 
Diluted:
Weighted average number of common shares outstanding - basic168,533 146,218 
Dilutive effect of restricted stock units300 — 
Dilutive effect of common stock pursuant to employee stock purchase plan348 — 
Weighted average number of common shares outstanding - diluted169,181 146,218 
Net income (loss) per share:
Basic$0.13 $(0.30)
Diluted$0.12 $(0.30)
The computation of diluted net income per share for the three months ended March 31, 2023 excluded 14.7 million shares subject to stock options because their inclusion would have had an anti-dilutive effect on diluted net income per share. The computation of diluted net loss per share for the three months ended March 31, 2022 excluded 19.1 million shares subject to stock options, restricted stock units outstanding, and the employee stock purchase plan shares reserved for issuance because their inclusion would have had an anti-dilutive effect on diluted net loss per share.