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Net (Loss) Income Per Share (Tables) | 6 Months Ended
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Jun. 30, 2021
Earnings Per Share [Abstract] |
Schedule of Earnings Per Share, Basic and Diluted | The following table sets forth the computation of basic and diluted net income (loss) per share (in thousands, except per share amounts):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2021 |  | 2020(1) |  | 2021 |  | 2020(1)
Basic |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income (loss) | $ | 32,764 |  |  | $ | 10,589 |  |  | $ | (32,415) |  |  | $ | 4,876 |
Denominator: |  |  |  |  |  |  |
Weighted average shares used to compute net income (loss) per share, basic | 143,112 |  |  | 123,842 |  |  | 138,756 |  |  | 123,135 |
Net income (loss) per share, basic | $ | 0.23 |  |  | $ | 0.09 |  |  | $ | (0.23) |  |  | $ | 0.04 |
Diluted |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income (loss) | $ | 32,764 |  |  | $ | 10,589 |  |  | $ | (32,415) |  |  | $ | 4,876 |
Convertible senior notes interest expense, net of tax | 1,212 |  |  | — |  |  | — |  |  | — |
Net income (loss), diluted | $ | 33,976 |  |  | $ | 10,589 |  |  | $ | (32,415) |  |  | $ | 4,876 |
Denominator: |  |  |  |  |  |  |
Weighted average shares used to compute net income (loss) per share, basic | 143,112 |  |  | 123,842 |  |  | 138,756 |  |  | 123,135 |
Options to purchase common stock | 504 |  |  | 958 |  |  | — |  |  | 1,013 |
PSUs and RSUs | 1,791 |  |  | 2,707 |  |  | — |  |  | 3,175 |
Shares related to convertible senior notes | 22,875 |  |  | 6,344 |  |  | — |  |  | 5,351 |
Weighted average shares used to compute net income (loss) per share, diluted | 168,282 |  |  | 133,851 |  |  | 138,756 |  |  | 132,674 |
Net income (loss) per share, diluted | $ | 0.20 |  |  | $ | 0.08 |  |  | $ | (0.23) |  |  | $ | 0.04 |
(1) As noted above, prior period amounts have not been adjusted due to the adoption of ASU 2020-06 under the modified retrospective method.
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share | The following potential weighted-average shares of common stock outstanding were excluded from the computation of diluted net income (loss) per share because including them 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 | — |  |  | — |  |  | 530 |  |  | — |
PSUs and RSUs | 1,137 |  |  | 103 |  |  | 2,464 |  |  | 52 |
Shares related to convertible senior notes | 268 |  |  | — |  |  | 25,901 |  |  | — |
Employee stock purchase plan | 5 |  |  | 10 |  |  | 5 |  |  | 10 |
Total common stock equivalents | 1,410 |  |  | 113 |  |  | 28,900 |  |  | 62 |

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- 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=6371337&loc=d3e3550-109257 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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