Earnings Per Share

6 Months Ended

Jun. 30, 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 income (loss) per share is as follows (in thousands, except per share data):


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Numerator:
Net income (loss) attributable to common stockholders	$	55,474	$	(12,426)	$	(184,914)	$	(100,204)


Debt Discount Amortization	534		—		—		—
Net income (loss) available to common stockholders	$	56,008	$	(12,426)	$	(184,914)	$	(100,204)
Denominator:
Weighted average shares used to compute net income (loss) per share attributable to common stockholders, basic	216,017		211,128		215,153		210,474
Weighted average effect of potentially dilutive shares to purchase common stock	5,832		—		—		—
Weighted average shares used to compute net income (loss) per share attributable to common stockholders, diluted	221,849		211,128		215,153		210,474
Net income (loss) per share attributable to common stockholders
Basic	$	0.26	$	(0.06)	$	(0.86)	$	(0.48)
Diluted	$	0.25	$	(0.06)	$	(0.86)	$	(0.48)

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


	Three Months Ended June 30,		Six Months Ended June 30,
	2023	2022	2023	2022

Outstanding stock options	1,599	1,796	1,536	1,711
Unvested restricted stock units	8,154	4,499	6,039	4,136
Convertible Senior Notes (if converted)	—	3,392	1,696	3,392
Total	9,753	9,687	9,271	9,239