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Net Income (Loss) Per Share (Tables)

6 Months Ended

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

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-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
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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
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