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Net income (Loss) Per Share (Tables)
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Schedule of Dilutive Shares Excluded from Calculation of Diluted Net Loss Per Share

The following outstanding potentially dilutive shares have been excluded from the calculation of diluted net income (loss) per share for the periods presented due to their anti-dilutive effect:

 

 

 

Three Months Ended
June 30,

 

Six Months Ended
June 30,

 

 

2022

 

2021

 

2022

 

2021

Restricted stock subject to future vesting

 

1,363,201

 

1,296,627

 

1,363,201

 

1,296,627

Options to purchase common stock

 

12,637,131

 

12,202,403

 

13,739,413

 

12,202,403

Shares committed under 2019 ESPP

 

83,821

 

59,413

 

100,385

 

59,413

Total

 

14,084,153

 

13,558,443

 

15,202,999

 

13,558,443

Schedule of Computation of Basic and Diluted

The following tables set forth the computation of the basic and diluted net income (loss) per share (in thousands, except share and per share data.

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

9,883

 

 

$

(55,147

)

 

$

(34,734

)

 

$

(107,318

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average number of shares outstanding basic

 

 

82,394,784

 

 

 

79,790,036

 

 

 

82,248,880

 

 

 

79,598,188

 

Dilutive effect of outstanding common stock options, ESPP shares issuable, and restricted stock units

 

 

193,584

 

 

 

 

 

 

 

 

 

 

Weighted-average number of shares outstanding, diluted

 

 

82,588,368

 

 

 

79,790,036

 

 

 

82,248,880

 

 

 

79,598,188

 

Net income (loss) per share, basic

 

$

0.12

 

 

$

(0.69

)

 

$

(0.42

)

 

$

(1.35

)

Net income (loss) per share, diluted

 

$

0.12

 

 

$

(0.69

)

 

$

(0.42

)

 

$

(1.35

)