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Net (Loss) Income Per Share
9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Net (Loss) Income Per Share Net (Loss) Income Per Share
The following tables set forth the computation of basic and diluted net (loss) income per share (in thousands, except per share amounts):
Three Months Ended
September 30,
Nine Months Ended
September 30,
2023202220232022
Basic
Numerator:
Net (loss) income
$(18,283)$251,562 $8,515 $264,780 
Denominator:
Weighted average shares used to compute net (loss) income per share, basic
115,407 126,132 119,001 128,166 
Net (loss) income per share, basic
$(0.16)$1.99 $0.07 $2.07 
Diluted
Numerator:
Net (loss) income$(18,283)$251,562 $8,515 $264,780 
Convertible senior notes activity, net of tax(1)
— (69,042)(38,079)(66,630)
Net (loss) income, diluted
$(18,283)$182,520 $(29,564)$198,150 
Denominator:
Weighted average shares used to compute net (loss) income per share, basic
115,407 126,132 119,001 128,166 
Shares related to stock plan activity— 504 — 674 
Shares related to convertible senior notes— 21,409 2,875 22,381 
Weighted average shares used to compute net (loss) income per share, diluted
115,407 148,045 121,876 151,221 
Net (loss) income per share, diluted
$(0.16)$1.23 $(0.24)$1.31 
(1) Includes the gain on early extinguishment and interest expense on our notes, net of tax, when dilutive. 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 (loss) income per share because including them would have been anti-dilutive (in thousands):
Three Months Ended
September 30,
Nine Months Ended
September 30,
2023202220232022
Shares related to stock plan activity8,732 7,534 8,349 4,148 
Shares related to convertible senior notes10,280 — 10,378 — 
Total common stock equivalents19,012 7,534 18,727 4,148