XML 96 R66.htm IDEA: XBRL DOCUMENT v3.21.2
INCOME (LOSS) PER SHARE (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2021
Dec. 31, 2020
Earnings Per Share [Abstract]    
CALCULATION OF BASIC AND DILUTED INCOME (LOSS) PER SHARE
The following table presents the calculation of basic and diluted income (loss) per share:
(in thousands, except per share data)Three Months Ended
June 30,
Six Months Ended
June 30,
2020202120202021
Net income (loss)$57,584 $(501,665)$5,082 $(1,946,468)
Less: allocation of earnings to participating securities$34,801 $— $3,032 $— 
Net income (loss) attributable to common stockholders$22,783 $(501,665)$2,050 $(1,946,468)
Weighted-average common stock outstanding - basic 225,091,413 232,223,019 224,953,736 231,459,227 
Dilutive effect of stock options and unvested shares19,246,732 — 19,585,456 — 
Weighted-average common stock outstanding - diluted244,338,145 232,223,019 244,539,192 231,459,227 
Net income (loss) per share attributable to common stockholders:
Basic$0.10 $(2.16)$0.01 $(8.41)
Diluted$0.09 $(2.16)$0.01 $(8.41)
The following table presents the calculation of basic and diluted income (loss) per share:
(in thousands, except per share data)Year Ended December 31,
20192020
Net income (loss)$(106,569)$7,449 
Less: allocation of earnings to participating securities— 4,601 
Net income (loss) attributable to common stockholders$(106,569)$2,848 
Weighted-average common stock outstanding - basic 221,664,610 225,748,355 
Dilutive effect of stock options and unvested shares— 19,249,033 
Weighted-average common stock outstanding - diluted221,664,610 244,997,388 
Net income (loss) per share attributable to common stockholders:
Basic$(0.48)$0.01 
Diluted$(0.48)$0.01 
POTENTIAL COMMON SHARES EXCLUDED FROM THE CALCULATION OF DILUTED NET INCOME (LOSS) PER SHARE
The following potential common shares were excluded from the calculation of diluted net income (loss) per share because their effect would have been anti-dilutive or issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied by the end of the period:
 Three Months Ended
June 30,
Six Months Ended
June 30,
 2020202120202021
Redeemable convertible preferred stock366,266,778 412,742,897 366,266,778 412,742,897 
RSUs62,362,190 132,048,248 62,362,190 132,048,248 
Stock options89,110 17,685,650 82,182 17,685,650 
Unvested shares735 128,228 735 128,228 
Total anti-dilutive securities428,718,813 562,605,023 428,711,885 562,605,023 
The following potential common shares were excluded from the calculation of diluted net income (loss) per share because their effect would have been anti-dilutive or issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied by the end of the period:
 Year Ended December 31,
 20192020
Redeemable convertible preferred stock321,626,778 412,742,897 
RSUs51,687,872 75,375,307 
Stock options27,613,830 60,082 
Unvested shares749,943 8,423 
Total anti-dilutive securities401,678,423 488,186,709