Net income (loss) per share (Tables)

3 Months Ended

Mar. 31, 2020

Schedule of computation of basic and diluted net income per share

The following table sets forth the computation of the basic and diluted net income (loss) per share for the periods indicated (in thousands, except per share amounts):


	Three Months Ended March 31,
	2020		2019
Numerator:
Net income (loss)	$	6,307	$	(14,091)
Denominator:
Weighted average shares used to compute per share amount:
Basic	48,615		46,414
Diluted	50,617		46,414

Basic net income (loss) per share	$	0.13	$	(0.30)
Diluted net income (loss) per share	$	0.12	$	(0.30)

Schedule of potentially dilutive securities excluded from computation of diluted net income per share attributable to common stockholders

The Company has excluded the impact of the following outstanding employee stock options and restricted stock units as well as the shares expected to be issued under its employee stock purchase plan from the computation of diluted net income (loss) per share, as their effect would have been antidilutive (in thousands):


	Three Months Ended March 31,
	2020	2019
Employee stock options	975	3,145
Restricted stock units	42	2,419
Market-based restricted stock units	612	677
Employee stock purchase plan	344	414
	1,973	6,655