INCOME (LOSS) PER SHARE (Tables)

6 Months Ended

Jun. 30, 2021

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,
	2020		2021		2020		2021
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 shares	19,246,732		—		19,585,456		—
Weighted-average common stock outstanding - diluted	244,338,145		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)

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,
	2020	2021	2020	2021
Redeemable convertible preferred stock	366,266,778	412,742,897	366,266,778	412,742,897
RSUs	62,362,190	132,048,248	62,362,190	132,048,248
Stock options	89,110	17,685,650	82,182	17,685,650
Unvested shares	735	128,228	735	128,228
Total anti-dilutive securities	428,718,813	562,605,023	428,711,885	562,605,023