Net (Loss) Income Per Share (Tables)

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Net Loss

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Numerator:
Net (loss) income used in calculating net (loss) income per share, basic	$	(12,134)	$	(1,390)	$	(74,552)	$	5,997
Denominator:
Weighted average shares of common stock outstanding used in computing net (loss) income per share, basic	19,593		17,945		18,897		17,860
Dilutive effect of incremental shares and share equivalents:
Convertible notes	—		—		—		—
Options	—		—		—		70
RSUs	—		—		—		297
PSUs	—		—		—		81
ESPP	—		—		—		19
Weighted average shares of common stock outstanding used in computing net (loss) income per share, diluted	19,593		17,945		18,897		18,327
Net (loss) income per share:
Net (loss) income per share, basic	$	(0.62)	$	(0.08)	$	(3.95)	$	0.34
Net (loss) income per share, diluted	$	(0.62)	$	(0.08)	$	(3.95)	$	0.33

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) income per common share for the periods presented because including them would have had an anti-dilutive effect (in thousands):

	Three Months Ended September 30,		Nine Months Ended September 30,
	2022	2021	2022	2021
Capped call	8,724	4,167	8,724	4,167
Convertible notes	6,640	4,167	6,640	4,167
Options to purchase common stock	521	308	521	187
Restricted stock units	488	528	488	72
Performance stock units	470	455	470	24
Employee stock purchase plan shares	22	22	22	—
Total	16,865	9,647	16,865	8,617