Net (Loss) Income Per Share (Tables)

3 Months Ended

Mar. 31, 2022

Schedule of Computation of Basic and Diluted Net (Loss) Income Per Common Share

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

	Three Months Ended March 31,
	2022			2021
Numerator:
Net (loss) income	$	(22,643	)	$	29,248
Denominator:
Weighted-average shares outstanding for basic net (loss) income per share		35,253,147			33,886,896
Effect of dilutive securities		—			333,999
Weighted-average shares outstanding for diluted net (loss) income per share		35,253,147			34,220,895
Net (loss) income per share:
Basic	$	(0.64	)	$	0.86
Diluted	$	(0.64	)	$	0.85

Summary of Potentially Dilutive Shares Excluded from Computation of Diluted Net (Loss) Income Per Share

The following table sets forth the outstanding potentially dilutive securities which have been excluded in the calculation of diluted net (loss) income per share because including such securities would be anti-dilutive (in common stock equivalent shares):

	Three Months Ended
	March 31,
	2022		2021
Options to purchase common stock		6,490,451		2,895,223
Restricted stock units (unvested)		802,819		—
ESPP		87,553		3,789
Total		7,380,823		2,899,012