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Net Income (Loss) Per Share
 3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share Net Income (Loss) Per Share

The Company computes net income (loss) per share using the two-class method required for multiple classes of common stock and participating securities. The rights, including the liquidation and dividend rights, of the Class A common stock and Class B common stock are substantially identical, other than voting rights. Accordingly, the Class A common stock and Class B common stock share equally in the Company’s net income and losses.

Basic net income (loss) per share is computed by dividing net income attributable to common shareholders by the weighted-average number of shares of the Class A and Class B common stock outstanding.

Diluted net income (loss) per share is computed by dividing net income attributable to common shareholders by the weighted-average number of diluted common shares outstanding. The computation of the diluted net income (loss) per share of Class A common stock assumes the conversion of our Class B common stock to Class A common stock, while the diluted net income (loss per share) of Class B common stock does not assume the conversion of those shares to Class A common stock.

The numerators and denominators of the basic and diluted EPS computations for our common stock are calculated as follows (in millions, except for per share amounts):

 
Three months ended March 31,
Three months ended March 31,
 
2020
 
2019
 
Class A
 
Class B
 
Class A
 
Class B
 
 
 
 
 
 
 
 
Basic net income (loss) per share:
 
 
 
 
 
 
 
Numerator
 
 
 
 
 
 
 
Net income (loss) attributable to common stockholders
$
24.5

 
$
14.8

 
$
(4.0
)
 
$
(3.7
)
Denominator
 
 
 
 
 
 
 
Weighted-average number of common shares outstanding used in computing basic net income (loss) per share
260.0

 
157.3

 
215.1

 
195.4

Net income (loss) per common share, basic
$
0.09

 
$
0.09

 
$
(0.02
)
 
$
(0.02
)
Diluted net income (loss) per share:
 
 
 
 
 
 
 
Numerator
 
 
 
 
 
 
 
Net income (loss) attributable to common shareholders
$
24.5

 
$
14.8

 
$
(4.0
)
 
$
(3.7
)
Reallocation of net income as a result of conversion of Class B to Class A common stock
$
14.8

 
—

 
—

 
—

Net income (loss) attributable to common stockholders for diluted EPS
$
39.3

 
$
14.8

 
$
(4.0
)
 
$
(3.7
)
Denominator
 
 
 
 
 
 
 
Weighted-average number of common shares outstanding used in computing diluted net income (loss) per share
260.0

 
157.3

 
215.1

 
195.4

Weighted-average effect of dilutive RSUs and employee stock options
1.6

 
0.4

 
—

 
—

Conversion of Class B to Class A common stock
157.3

 
—

 
—

 
—

Weighted-average number of common shares outstanding used in computed diluted net income (loss) per share
418.9

 
157.7

 
215.1

 
195.4

Net income (loss) per common share, diluted
$
0.09

 
$
0.09

 
$
(0.02
)
 
$
(0.02
)

The weighted-average impact of potentially dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive was as follows:
 
Three months ended
March 31,
 
 
2020
 
2019
 
 
 
 
 
 
Restricted stock units
15.2

 
24.6

 
Restricted stock awards
0.2

 
—

 
Options to purchase shares of common stock
1.3

 
1.8

 
Co-Founder Grants
14.2

 
14.7

 
Total
30.9

 
41.1