Earnings Per Share

3 Months Ended

Mar. 31, 2023

Basic net income (loss) per share is computed by dividing net income (loss) attributable to common stockholders by the weighted-average number of common shares outstanding during the period. Diluted net income (loss) per share is computed by dividing net income (loss) attributable to common stockholders by the weighted-average number of common shares outstanding during the period adjusted to include the effect of potentially dilutive securities. Potentially dilutive securities are excluded from the computation of dilutive EPS in periods in which the effect would be antidilutive.

The computation of the Company’s basic and diluted net loss per share is as follows (in thousands, except per share data):


	Three Months Ended March 31,
		2023		2022
Numerator:
Net loss attributable to common stockholders		$	(240,388)	$	(87,778)


Denominator:
Weighted average shares used to compute net loss per share attributable to common stockholders, basic		214,548		208,676
Weighted average effect of potentially dilutive shares to purchase common stock		—		—
Weighted average shares used to compute net loss per share attributable to common stockholders, diluted		214,548		208,676
Net loss per share attributable to common stockholders
Basic		$	(1.12)	$	(0.42)
Diluted		$	(1.12)	$	(0.42)

The following shares were excluded from the computation of diluted net loss per share as the impact of including those shares would be anti-dilutive (in thousands):


	Three Months Ended March 31,
		2023	2022

Outstanding stock options		1,472	1,627
Unvested restricted stock units		3,924	3,772
Convertible Senior Notes (if converted)		3,392	3,392
Total		8,788	8,791