Net (Loss) Income per Share (Tables)

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Summary of Computation of Basic and Diluted Net (Loss) Income Per Share Attributable to Common Shareholders

The following table summarizes the computation of basic and diluted net (loss) income per share attributable to common shareholders of the Company:

	Three Months Ended September 30,					Nine Months Ended September 30,
	2023			2022		2023			2022
	(in thousands, except share and per share amounts)
Numerator:
Net (loss) income	$	(18,879	)	$	75,461	$	(65,766	)	$	2,611
Denominator:
Weighted-average common shares outstanding — basic		42,102,685			41,945,617		42,077,857			41,902,554
Dilutive impact of outstanding stock options and shares issuable     under the ESPP		—			2,231,759		—			2,257,927
Weighted-average common shares outstanding — diluted		42,102,685			44,177,376		42,077,857			44,160,481
Net (loss) income per share
Basic	$	(0.45	)	$	1.80	$	(1.56	)	$	0.06
Diluted	$	(0.45	)	$	1.71	$	(1.56	)	$	0.06

Computation of Diluted Net (Loss) Income Per Share in Attributable to Common Shareholders Indicate to Anti Diluted Effect

The Company excluded the following potential common shares, presented based on amounts outstanding at each period end, from the computation of diluted net (loss) income per share attributable to common shareholders for the periods indicated because including them would have had an anti-dilutive effect:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Options to purchase common shares		10,087,591		5,255,255		10,087,591		5,255,255
Restricted share units		604,960		—		604,960		—
Estimated shares issuable under the ESPP		6,830		—		6,830		—