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Net Income (Loss) Per Share (Tables)
3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Components of Net Income per Share

The components of net income per share are as follows:

 

 

 

Three Months Ended March 31,

 

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

Net (loss) income (in thousands)

 

$

(3,129

)

 

$

7,469

 

Denominator:

 

 

 

 

 

 

Weighted average number of common shares
   outstanding - basic

 

 

50,954,715

 

 

 

49,355,945

 

Common stock equivalents from outstanding
   common stock options

 

 

 

 

 

3,181,216

 

Common stock equivalents from unvested RSUs

 

 

 

 

 

3,108,002

 

Common stock equivalents from ESPP

 

 

 

 

 

4,911

 

Common stock equivalents from restricted stock

 

 

 

 

 

72,219

 

Weighted average number of common shares
   outstanding - diluted

 

 

50,954,715

 

 

 

55,722,293

 

Net (loss) income per share:

 

 

 

 

 

 

Basic

 

$

(0.06

)

 

$

0.15

 

Diluted

 

$

(0.06

)

 

$

0.13

 

Schedule of Outstanding Potentially Dilutive Common Stock Equivalents Excluded from Calculation of Diluted Net Loss Per Share

The following outstanding potentially dilutive common stock equivalents have been excluded from the calculation of diluted net loss per share for the three months ended March 31, 2022 due to their anti-dilutive effect:

 

 

 

Three Months Ended March 31, 2022

 

Common stock options

 

 

2,241,630

 

RSUs

 

 

3,649,255

 

ESPP

 

 

10,404

 

 

 

 

5,901,289