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Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2022
Accounting Policies [Abstract]  
Summary of Reconciliation of Basic and Diluted Net Income (Loss) Per Share Calculation

The following is a reconciliation of the basic and diluted net income (loss) per share calculation for the periods presented (in thousands, except per share data):

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Net income (loss)

 

$

(91,650

)

 

$

49,798

 

 

$

(227,479

)

 

$

(155,945

)

Weighted average shares used to compute net
   income (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

93,767

 

 

 

92,644

 

 

 

93,431

 

 

 

92,206

 

Dilutive effect of potential common shares

 

 

 

 

 

164

 

 

 

 

 

 

 

Diluted

 

 

93,767

 

 

 

92,808

 

 

 

93,431

 

 

 

92,206

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.98

)

 

$

0.54

 

 

$

(2.43

)

 

$

(1.69

)

Diluted

 

$

(0.98

)

 

$

0.54

 

 

$

(2.43

)

 

$

(1.69

)

 

Schedule of Weighted Impacts of Outstanding Anti-dilutive Securities Excluded from Calculation of Diluted Net Loss Per Share

Diluted weighted average shares excluded the following potential common shares related to stock options, RSUs (including service-based RSUs, performance-based RSUs and TSR awards) and shares to be purchased under the 2014 Employee Stock Purchase Plan (“ESPP”) for the periods presented as they were anti-dilutive (in thousands):

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

Employee stock options

 

 

9,715

 

 

 

10,301

 

 

 

9,794

 

 

 

7,860

 

 

RSUs

 

 

1,978

 

 

 

1,911

 

 

 

2,066

 

 

 

1,509

 

 

ESPP

 

 

50

 

 

 

321

 

 

 

390

 

 

 

357

 

 

 

 

 

11,743

 

 

 

12,533

 

 

 

12,250

 

 

 

9,726