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Net Income (Loss) Per Share (Tables)
9 Months Ended
Sep. 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
September 30,
Nine Months Ended
September 30,
2021
2020(1)
2021
2020(1)
Basic
Numerator:
Net income (loss)
$6,651 $(37,140)$(25,764)$(32,264)
Denominator:
Weighted average shares used to compute net income (loss) per share, basic
144,746 126,194 140,775 124,162 
Net income (loss) per share, basic
$0.05 $(0.29)$(0.18)$(0.26)
Diluted
Numerator:
Net income (loss), diluted
$6,651 $(37,140)$(25,764)$(32,264)
Denominator:
Weighted average shares used to compute net income (loss) per share, basic
144,746 126,194 140,775 124,162 
Options to purchase common stock485 — — — 
PSUs and RSUs1,462 — — — 
Employee stock purchase plan— — — 
Weighted average shares used to compute net income (loss) per share, diluted
146,699 126,194 140,775 124,162 
Net income (loss) per share, diluted
$0.05 $(0.29)$(0.18)$(0.26)
(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
September 30,
Nine Months Ended
September 30,
2021202020212020
Options to purchase common stock— 865 515 977 
PSUs and RSUs849 3,394 2,210 3,425 
Shares related to convertible senior notes22,875 8,721 23,876 4,422 
Employee stock purchase plan — 
Total common stock equivalents23,724 12,989 26,603 8,828