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Net Income (Loss) Per Share (Tables) | 6 Months Ended
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Jun. 30, 2024
Net Income (Loss) Per Share |
Computation of Basic and Diluted Net Income Per Share | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended
​ | ​ | June 30, | ​ | ​ | June 30,
(in thousands, except share and per share data) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Basic net income (loss) per share |  | ​ |  |  | ​ |  | ​ | ​ |  |  | ​ |
Numerator: |  | ​ |  |  | ​ |  | ​ | ​ |  |  | ​ |
Net income (loss) | ​ | $ | (12,921) | ​ | $ | (42,869) | ​ | $ | 89,954 | ​ | $ | (118,598)
Denominator: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Weighted-average common shares outstanding | ​ |  | 114,819,965 | ​ |  | 87,269,614 | ​ |  | 113,784,636 | ​ |  | 83,469,247
Basic net income (loss) per share | ​ | $ | (0.11) | ​ | $ | (0.49) | ​ | $ | 0.79 | ​ | $ | (1.42)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Diluted net income (loss) per share | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Numerator: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Net income (loss) | ​ | $ | (12,921) | ​ | $ | (42,869) | ​ | $ | 89,954 | ​ | $ | (118,598)
Add interest expense on convertible notes, net of tax | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 2,392 | ​ | ​ | —
Numerator for diluted net income (loss) per share | ​ | $ | (12,921) | ​ | $ | (42,869) | ​ | $ | 92,346 | ​ | $ | (118,598)
Denominator: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Denominator for basic net income (loss) per share | ​ |  | 114,819,965 | ​ |  | 87,269,614 | ​ |  | 113,784,636 | ​ |  | 83,469,247
Add effect of potential dilutive securities: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Stock options, including shares subject to ESPP | ​ |  | — | ​ |  | — | ​ |  | 231,846 | ​ |  | —
Restricted stock units | ​ |  | — | ​ |  | — | ​ |  | 216,168 | ​ |  | —
Shares issuable upon conversion of convertible notes | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 11,942,152 | ​ | ​ | —
Denominator for diluted net income (loss) income per share | ​ |  | 114,819,965 | ​ |  | 87,269,614 | ​ |  | 126,174,802 | ​ |  | 83,469,247
Diluted net income (loss) per share | ​ | $ | (0.11) | ​ | $ | (0.49) | ​ | $ | 0.73 | ​ | $ | (1.42)
Schedule of Outstanding Dilutive Potential Shares Excluded from Calculation of Diluted Net Income (loss) Per Share | The following outstanding dilutive potential shares were excluded from the calculation of diluted net income (loss) per share due to their anti-dilutive effect:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended
​ | ​ | June 30, | ​ | June 30,
​ |  | 2024 |  | 2023 |  | 2024 |  | 2023
Stock options, PSOs, including shares subject to ESPP |  | 28,097,400 |  | 23,311,075 | ​ | 27,103,206 |  | 23,713,858
Restricted stock units |  | 894,106 |  | 2,339,814 | ​ | 980,406 |  | 2,462,311
Shares issuable upon conversion of 2026 Convertible Notes | ​ | 11,942,152 | ​ | 11,942,152 | ​ | — | ​ | 11,942,152
Total |  | 40,933,658 |  | 37,593,041 | ​ | 28,083,612 |  | 38,118,321

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