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Net Income (Loss) Per Share | 6 Months Ended
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Jun. 30, 2023
Earnings Per Share [Abstract] |
Net Income (Loss) Per Share | Net Income (Loss) Per Share 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.” 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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