Net loss per share (Tables)

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Schedule of Net Income per Share, Basic and Diluted

7. Net income (loss) per share

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

	Year ended December 31,
(in thousands, except per share data)	2023		2022		2021
Numerator:
Net income (loss) - Basic	$	(53,183)	$	28,847	$	371,171
Interest on convertible notes, income tax effected	—		3,055		—
Net income (loss) - Diluted	$	(53,183)	$	31,902	$	371,171
Denominator:
Weighted-average common shares - basic for Class A and Class B common stock	153,348		156,181		154,274
Effect of dilutive securities	—		22,098		8,904
Weighted-average common shares - diluted for Class A and Class B common stock	153,348		178,279		163,178
Net income (loss) per share
Basic	$	(0.35)	$	0.18	$	2.41
Diluted	$	(0.35)	$	0.18	$	2.27

Schedule of Antidilutive Securities Excluded from Computation of Net Income per Share

The following potentially dilutive shares were not included in the calculation of diluted shares outstanding as the effect would have been anti-dilutive:

	Year ended December 31,
(in thousands)	2023	2022	2021
Stock-based awards	15,839	7,495	1,792
Shares related to convertible senior notes	14,808	—	—
Total anti-dilutive securities	30,647	7,495	1,792