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Net (Loss) Income Per Share
9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
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,
2024202320242023
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,
2024202320242023
Shares related to stock plan activity9,262 8,732 7,551 8,349 
Shares related to convertible senior notes9,234 10,280 9,234 10,378 
Total common stock equivalents18,496 19,012 16,785 18,727