Net Income (Loss) Per Share

6 Months Ended

Jun. 30, 2023

Net Income (Loss) Per ShareThe Company calculates basic net income (loss) per share by dividing net income (loss) attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period. In periods of net income, diluted net income per share takes into account the effect of potential dilutive common shares when the effect is dilutive. Potentially dilutive common shares include (i) shares of common stock issuable upon exercise of outstanding stock options and (ii) contingently issuable RSUs that are convertible into shares of common stock upon achievement of certain service and performance requirements. The effect of potentially dilutive common shares is computed using the treasury stock method.

The following table summarizes the computations of basic and diluted net income (loss) per share:


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
	(In thousands, except per share data)
Numerator:
Net income (loss) - basic and diluted	$	(30,741)	$	4,557	(20,966)		7,381



Denominator:
Weighted average common shares — basic	126,239		128,351		126,569		129,355
Dilutive effect of stock options	—		984		—		998
Dilutive effect of RSUs	—		276		—		458
Weighted average common shares — diluted	126,239		129,611		126,569		130,811

Net income (loss) per share - basic and diluted	$	(0.24)	$	0.04	$	(0.17)	$	0.06

2022

The following table presents the incremental number of shares underlying stock options and RSUs outstanding with anti-dilutive effects:


	Three Months Ended June 30,		Six Months Ended June 30,
	2023	2022	2023	2022
	(In thousands)		(In thousands)
Performance-based RSUs	82	—	202	—
Service-based RSUs	620	293	676	41
Stock options	491	—	594	—