Net Income (Loss) Per Share (Tables)

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Reconciliation of Shares Used in Calculating Basic and Diluted Earnings Per Share

Reconciliation of shares used in calculating basic and diluted net income (loss) per share for the three and six months ended June 30, 2024 and 2023, is as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
	(In thousands, except per share amounts)
Numerator:
Net income (loss) available to stockholders for basic net income per share	$	41,795	$	10,822	$	6,164	$	(6,598)
Gain on debt extinguishment	(73,083)		—		(73,083)		—
Interest on assumed conversion of convertible notes, net of tax	—		136		—		—
Net (loss) income available to stockholders for diluted net income per share	$	(31,288)	$	10,958	$	(66,919)	$	(6,598)
Denominator:
Weighted-average shares used to compute basic net income (loss) per share	88,708,514		76,902,416		88,396,816		76,341,729
Weighted-average effect of dilutive securities:
Stock options and employee stock purchase plan	—		98,143		—		—
Restricted stock units	—		166,156		—		—
Earn-outs	—		5,575,251		—		—
Conversion option of the 2024 Notes	—		1,878,810		—		—
Conversion option of the 2026 Notes	6,269,720		6,879,283		6,576,185		—
Weighted-average shares used to compute diluted net (loss) income per share	94,978,234		91,500,059		94,973,001		76,341,729
Net income (loss) per share:
Basic	$	0.47	$	0.14	$	0.07	$	(0.09)
Diluted	$	(0.33)	$	0.12	$	(0.70)	$	(0.09)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

	As of June 30,
	2024	2023
Shares subject to outstanding common stock options and employee stock purchase plan	2,880,837	3,541,432
Restricted stock units	8,907,079	3,738,894
Earn-outs	—	5,575,251
Conversion option of the 2024 Notes	612,396	1,878,810
Conversion option of the 2026 Notes	—	6,879,283
Warrants	9,746,723	—
Total	22,147,035	21,613,670