Net (Loss) Income Per Share |
Net (Loss) Income Per Share The following table presents the computation of basic and diluted net (loss) income per share (in thousands, except per share amounts): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2024 | | 2023 | | 2024 | | 2023 | Basic | | | | | | | | Numerator: | | | | | | | | Net (loss) income | $ | (212,639) | | | $ | (18,283) | | | $ | (830,943) | | | $ | 8,515 | | Denominator: | | | | | | | | Weighted average shares used to compute net (loss) income per share, basic | 103,723 | | | 115,407 | | | 102,893 | | | 119,001 | | | | | | | | | | Net (loss) income per share, basic | $ | (2.05) | | | $ | (0.16) | | | $ | (8.08) | | | $ | 0.07 | | | | | | | | | | Diluted | | | | | | | | Numerator: | | | | | | | | Net (loss) income | $ | (212,639) | | | $ | (18,283) | | | $ | (830,943) | | | $ | 8,515 | | Convertible senior notes activity, net of tax | — | | | — | | | — | | | (38,079) | | Net (loss) income, diluted | $ | (212,639) | | | $ | (18,283) | | | $ | (830,943) | | | $ | (29,564) | | Denominator: | | | | | | | | Weighted average shares used to compute net (loss) income per share, basic | 103,723 | | | 115,407 | | | 102,893 | | | 119,001 | | | | | | | | | | Shares related to convertible senior notes | — | | | — | | | — | | | 2,875 | | Weighted average shares used to compute net (loss) income per share, diluted | 103,723 | | | 115,407 | | | 102,893 | | | 121,876 | | | | | | | | | | Net (loss) income per share, diluted | $ | (2.05) | | | $ | (0.16) | | | $ | (8.08) | | | $ | (0.24) | |
The following table presents potential weighted-average shares of common stock outstanding that were excluded from the computation of diluted net (loss) income per share because including them would have been anti-dilutive (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2024 | | 2023 | | 2024 | | 2023 | Shares related to stock plan activity | 9,262 | | | 8,732 | | | 7,551 | | | 8,349 | | Shares related to convertible senior notes | 9,234 | | | 10,280 | | | 9,234 | | | 10,378 | | Total common stock equivalents | 18,496 | | | 19,012 | | | 16,785 | | | 18,727 | |
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