Net Income (Loss) Per Share

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Net Income (Loss) Per Share

(12)Net Income (Loss) Per Share

The following table sets forth the computation of basic and diluted net income (loss) per share:

	Three Months Ended June 30,					Six Months Ended June 30,
	2024		2023			2024		2023
Numerator:
Net income (loss)	$	23	$	(1,769	)	$	37	$	(1,812	)
Denominator:
Shares used in net income (loss) per common share – basic		67.3		66.8			67.2		66.8
Effect of dilutive securities		0.2		—			0.3		—
Shares used in net income (loss) per common share – diluted		67.5		66.8			67.5		66.8
Net income (loss) per common share:
Basic	$	0.34	$	(26.47	)	$	0.56	$	(27.14	)
Diluted	$	0.33	$	(26.47	)	$	0.55	$	(27.14	)

Basic earnings per share is computed by dividing net income (loss) available to common shareholders by the weighted-average number of common shares outstanding during the period.

Diluted net income (loss) per common share is computed by dividing the diluted net income (loss) available to common shareholders by the weighted-average number of shares of common stock and potentially dilutive shares of common stock outstanding during the period. The dilutive effect of equity awards is calculated based on the average stock price for the relevant period, using the treasury stock method. In periods in which a net loss is recognized, the impact of restricted stock units (“RSUs”) is not included as they are antidilutive. The dilutive effect of the Convertible Notes is calculated under the if-converted method.

For the three and six months ended June 30, 2024, the Company had an immaterial quantity of RSUs that were antidilutive and were excluded from the computation of diluted weighted-average shares. For the three months ended June 30, 2024, the Convertible Notes were antidilutive and were excluded from the computation of diluted weighted-average shares.