Net Loss per Share (Tables)

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Compute Basic and Diluted net income (loss)

The calculation of net income (loss) and the number of shares used to compute basic and diluted net income (loss) per share for the three and six months ended June 30, 2024 and 2023 are as follows (in thousands, except per share data):

	Three Months Ended June 30,					Six Months Ended June 30,
	2024		2023			2024		2023
Net income (loss), basic and diluted	$	55,409	$	(23,783	)	$	28,539	$	(48,562	)
Weighted-average common shares outstanding, basic		62,205		61,794			62,095		60,764
Effect of diluted securities:
Stock options		1,359		—			1,562		—
Restricted stock units		23		—			27		—
Weighted-average common shares outstanding, diluted		63,587		61,794			63,684		60,764
Net income (loss) per share, basic	$	0.89	$	(0.38	)	$	0.46	$	(0.80	)
Net income (loss) per share, diluted	$	0.87	$	(0.38	)	$	0.45	$	(0.80	)

Schedule of Antidilutive Securities Excluded from Calculation of Diluted Net Loss per Share Attributable to Common Stockholders

The following common stock equivalents were excluded from the calculation of diluted net income (loss) per share for the periods indicated because including them would have had an anti-dilutive effect (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Stock options		8,028		10,115		7,306		10,115
Restricted stock units		27		85		18		85
Total		8,055		10,200		7,324		10,200