Net Loss Per Share (Tables)

3 Months Ended

Mar. 31, 2022

Computation of Basic and Diluted Net Loss

The following table sets forth the computation of basic and diluted net loss and the weighted average number of shares used in computing basic and diluted net loss per share (in thousands, except per share data):


	Three Months Ended March 31,
	2022		2021
Numerator:
Net loss used in calculating net loss per share, basic and diluted	$	(15,142)	$	(359)
Denominator:
Weighted average shares of common stock outstanding used in computing net loss per share, basic	18,080		17,768
Dilutive effect of incremental shares and share equivalents:
Options	—		—
RSUs	—		—
PSUs	—		—
ESPP	—		—
Weighted average shares of common stock outstanding used in computing net loss per share, diluted	18,080		17,768
Net loss per share:
Net loss per share, basic	$	(0.84)	$	(0.02)
Net loss per share, diluted	$	(0.84)	$	(0.02)

Schedule of Antidilutive Securities Excluded from Computation of Loss Per Share

The following numbers of shares outstanding, prior to the application of the treasury stock method and the if-converted method, were excluded from the computation of diluted net loss per common share for the periods presented because including them would have had an anti-dilutive effect (in thousands):


	Three Months Ended March 31,
	2022	2021
Capped call	4,167	4,167
Convertible notes	4,167	4,167
Options to purchase common stock	485	245
Restricted stock units	526	585
Performance stock units	482	92
Employee stock purchase plan shares	32	30
Total	9,859	9,286