Net Income/(Loss) Per Share

6 Months Ended

Jun. 30, 2020

Net Income/(Loss) Per Share

Net Income/(Loss) Per Share

Note 2 — Net Income/(Loss) Per Share

The Company computes basic net income/(loss) per share by dividing its net income/(loss) for the period by the weighted average number of common shares outstanding during the period.

Diluted net loss per share for the three and six months ended June 30, 2020 has been computed by dividing the net loss by the weighted-average number of common shares outstanding during the period, without consideration for common share equivalents as their effect would have been antidilutive. Diluted net income per share for the three and six months ended June 30, 2019 is computed by dividing the net income attributable to common stockholders by the weighted-average number of common shares outstanding during the period, including potentially dilutive common stock instruments.

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2020		2019		2020		2019
Net income/(loss)	$	(8,566)	$	2,507	$	(16,839)	$	3,170
Shares used to compute net income/(loss) per share:
Weighted average shares used to compute basic net income/(loss) per share		156,583		145,451		153,106		144,951
Dilutive potential common shares		—		14,231		—		14,605
Weighted average shares used to compute diluted net income/(loss) per share		156,583		159,682		153,106		159,556
Basic net income/(loss) per share	$	(0.05)	$	0.02	$	(0.11)	$	0.02
Diluted net income/(loss) per share	$	(0.05)	$	0.02	$	(0.11)	$	0.02

The following equity awards outstanding at the end of each period presented have been excluded from the computation of diluted net income/(loss) per share of common stock for the periods presented because including them would have had an anti-dilutive effect: 

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2020		2019		2020		2019
Warrants to purchase common stock		1,125		—		1,125		—
Options to purchase common stock		12,751		579		12,751		579
Restricted stock units ("RSUs")		5,889		8		5,889		8
Performance stock options ("PSOs")		2,800		3,382		2,800		3,382
Performance stock units ("PSUs")		—		2,972		—		2,972
Employee stock purchase plan ("ESPP")		358		—		358		—
Total		22,923		6,941		22,923		6,941