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Net Income (Loss) Per Share Attributable to Common Shareholders (Tables)
12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Net Income (Loss) per Share

The following table sets forth the computation of basic and diluted net (loss) income per share for the periods ended (in thousands, except share and per share amounts):

 

 

Year ended December 31,

 

 

 

2023

 

 

2022

 

 

2021

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income

 

$

(153,610

)

 

$

(650,175

)

 

$

377,661

 

Basic weighted-average common shares outstanding

 

 

79,220,930

 

 

 

77,746,575

 

 

 

75,948,686

 

Effect of potentially dilutive securities:

 

 

 

 

 

 

 

 

 

Outstanding options

 

 

 

 

 

 

 

 

3,990,579

 

Unvested restricted common shares

 

 

 

 

 

 

 

 

454,231

 

Diluted weighted-average common shares outstanding

 

 

79,220,930

 

 

 

77,746,575

 

 

 

80,393,496

 

Net (loss) income per common share — basic

 

$

(1.94

)

 

$

(8.36

)

 

$

4.97

 

Net (loss) income per common share — diluted

 

$

(1.94

)

 

$

(8.36

)

 

$

4.70

 

 

Schedule of Antidilutive Securities not Include in Computation of Net Income (Loss) per Share

The Company did not include the securities in the following table in the computation of the net (loss) income per share calculations because the effect would have been anti-dilutive during each period:

 

 

Year ended December 31,

 

 

 

2023

 

 

2022

 

 

2021

 

Outstanding options

 

 

7,204,372

 

 

 

7,230,233

 

 

 

1,765,881

 

Unvested restricted common shares

 

 

1,781,415

 

 

 

1,325,185

 

 

 

225,904

 

ESPP

 

 

16,026

 

 

 

19,105

 

 

 

6,671

 

Total

 

 

9,001,813

 

 

 

8,574,523

 

 

 

1,998,456