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Net Income (Loss) Per Share
9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share Net Income (Loss) Per Share
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,
2022202120222021
Basic
Numerator:
Net income (loss)
$251,562 $6,651 $264,780 $(25,764)
Denominator:
Weighted average shares used to compute net income (loss) per share, basic
126,132 144,746 128,166 140,775 
Net income (loss) per share, basic
$1.99 $0.05 $2.07 $(0.18)
Diluted
Numerator:
Net income (loss)$251,562 $6,651 $264,780 $(25,764)
Convertible senior notes activity, net of tax(1)
(69,042)— (66,630)— 
Net income (loss), diluted
$182,520 $6,651 $198,150 $(25,764)
Denominator:
Weighted average shares used to compute net income (loss) per share, basic
126,132 144,746 128,166 140,775 
Shares related to stock plan activity504 1,953 674 — 
Shares related to convertible senior notes21,409 — 22,381 — 
Weighted average shares used to compute net income (loss) per share, diluted
148,045 146,699 151,221 140,775 
Net income (loss) per share, diluted
$1.23 $0.05 $1.31 $(0.18)
(1) Includes the gain on early extinguishment on our 2026 notes and interest expense on our notes, net of tax. For further information, see Note 8, “Convertible Senior Notes.”

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,
2022202120222021
Shares related to stock plan activity7,534 849 4,148 2,727 
Shares related to convertible senior notes— 22,875 — 23,876 
Total common stock equivalents7,534 23,724 4,148 26,603