Net income (loss) per share

3 Months Ended

Mar. 31, 2021

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,
	2021		2020
Numerator:
Net income (loss)	$	(10,692)	$	6,307
Denominator:
Weighted average shares used to compute per share amount:
Basic	50,717		48,615
Diluted	50,717		50,617

Basic net income (loss) per share	$	(0.21)	$	0.13
Diluted net income (loss) per share	$	(0.21)	$	0.12

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,
	2021	2020
Employee stock options	1,897	975
Restricted stock units	3,365	42
Market-based restricted stock units	305	612
Performance-based restricted stock units	90	—
Employee stock purchase plan	344	344
	6,001	1,973