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Net (Loss) Income Per Share
6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Net (Loss) Income Per Share Net (Loss) Income Per Share
The following table presents the computation of basic and diluted net (loss) income per share (in thousands, except per share amounts):
Three Months Ended
June 30,
Six Months Ended
June 30,
2024202320242023
Basic
Numerator:
Net (loss) income
$(616,884)$24,612 $(618,304)$26,798 
Denominator:
Weighted average shares used to compute net (loss) income per share, basic
102,604 117,977 102,474 120,828 
Net (loss) income per share, basic
$(6.01)$0.21 $(6.03)$0.22 
Diluted
Numerator:
Net (loss) income
$(616,884)$24,612 $(618,304)$26,798 
Convertible senior notes activity, net of tax
— (39,398)— (38,446)
Net (loss) income, diluted
$(616,884)$(14,786)$(618,304)$(11,648)
Denominator:
Weighted average shares used to compute net (loss) income per share, basic
102,604 117,977 102,474 120,828 
Shares related to convertible senior notes— 14,967 — 16,588 
Weighted average shares used to compute net (loss) income per share, diluted
102,604 132,944 102,474 137,416 
Net (loss) income per share, diluted
$(6.01)$(0.11)$(6.03)$(0.08)

The following table presents potential weighted-average shares of common stock outstanding that 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
June 30,
Six Months Ended
June 30,
2024202320242023
Shares related to stock plan activity7,421 9,982 7,286 7,661 
Shares related to convertible senior notes9,234 — 9,234 — 
Total common stock equivalents16,655 9,982 16,520 7,661