Net income (loss) per share (Tables)

6 Months Ended

Jun. 30, 2021

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 June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Numerator:
Net income (loss)	$	(17,433)	$	5,725	$	(28,124)	$	12,032
Denominator:
Weighted average shares used to compute per share amount:
Basic	51,634		49,077		51,178		48,846
Diluted	51,634		51,661		51,178		51,124

Basic net income (loss) per share	$	(0.34)	$	0.12	$	(0.55)	$	0.25
Diluted net income (loss) per share	$	(0.34)	$	0.11	$	(0.55)	$	0.24

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 June 30,		Six Months Ended June 30,
	2021	2020	2021	2020
Employee stock options	1,734	337	1,734	661
Restricted stock units	2,465	33	2,465	49
Market-based restricted stock units	265	612	265	612
Performance-based restricted stock units	75	90	75	90
Employee stock purchase plan	132	119	132	119
	4,671	1,191	4,671	1,531