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Net Income (Loss) Per Share (Tables) | 6 Months Ended
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Jun. 30, 2023
Earnings Per Share [Abstract] |
Schedule of Earnings Per Share, Basic and Diluted | The following tables set 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,
| 2023 |  | 2022 |  | 2023 |  | 2022
Basic |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income | $ | 24,612 |  |  | $ | 7,476 |  |  | $ | 26,798 |  |  | $ | 13,218 |
Denominator: |  |  |  |  |  |  |
Weighted average shares used to compute net income per share, basic | 117,977 |  |  | 126,272 |  |  | 120,828 |  |  | 129,201 |
Net income per share, basic | $ | 0.21 |  |  | $ | 0.06 |  |  | $ | 0.22 |  |  | $ | 0.10 |
Diluted |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income | $ | 24,612 |  |  | $ | 7,476 |  |  | $ | 26,798 |  |  | $ | 13,218 |
Convertible senior notes activity, net of tax(1) | (39,398) |  |  | 1,212 |  |  | (38,446) |  |  | — |
Net (loss) income, diluted | $ | (14,786) |  |  | $ | 8,688 |  |  | $ | (11,648) |  |  | $ | 13,218 |
Denominator: |  |  |  |  |  |  |
Weighted average shares used to compute net income per share, basic | 117,977 |  |  | 126,272 |  |  | 120,828 |  |  | 129,201 |
Shares related to stock plan activity | — |  |  | 427 |  |  | — |  |  | 733 |
Shares related to convertible senior notes | 14,967 |  |  | 22,875 |  |  | 16,588 |  |  | — |
Weighted average shares used to compute net (loss) income per share, diluted | 132,944 |  |  | 149,574 |  |  | 137,416 |  |  | 129,934 |
Net (loss) income per share, diluted | $ | (0.11) |  |  | $ | 0.06 |  |  | $ | (0.08) |  |  | $ | 0.10 |
(1) Includes the gain on early extinguishment and interest expense on our notes, net of tax. For further information, see Note 5, “Convertible Senior Notes.”
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,
| 2023 |  | 2022 |  | 2023 |  | 2022
Shares related to stock plan activity | 9,982 |  |  | 8,041 |  |  | 7,661 |  |  | 3,645 |
Shares related to convertible senior notes | — |  |  | — |  |  | — |  |  | 22,875 |
Total common stock equivalents | 9,982 |  |  | 8,041 |  |  | 7,661 |  |  | 26,520 |

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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 -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + 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 -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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