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NET LOSS PER SHARE
6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
NET LOSS PER SHARE NET LOSS PER SHARE
As the Company had net losses for the three and six months ended June 30, 2024 and 2023, all potential common shares were determined to be anti-dilutive. The following table sets forth the computation of the basic and diluted net loss per share during the three and six months ended June 30, 2024 and 2023 (in thousands, except per share data):
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Numerator:
Net loss$(20,107)$(18,482)$(65,774)$(57,591)
Denominator:
Weighted-average shares used to compute net loss per common share, basic and diluted31,145 30,502 31,089 30,400 
Net loss per common share, basic and diluted$(0.65)$(0.61)$(2.12)$(1.89)
In accordance with ASU No. 2020-06, Debt with Conversion and Other Options (Subtopic 470-20), the Company applies the if-converted method in computing the effect of the Company's senior convertible notes on diluted net income per share. For periods in which the Company reports net income, the numerator of the diluted per share computation is adjusted for interest expense and amortization of debt issuance costs, net of tax, and the denominator is adjusted for the weighted average number of shares into which each of the Company’s senior convertible notes could be converted. The effect is only included in the calculation of diluted net income per share for those senior convertible notes which reduce net income per share.
The following outstanding shares of potentially dilutive securities have been excluded from diluted net loss per common share for the three and six months ended June 30, 2024 and 2023 because their inclusion would be anti-dilutive (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Options to purchase common stock295 309 295 309 
RSUs and PRSUs1 unvested
2,643 2,518 2,643 2,518 
Senior convertible notes
4,492 — 4,492 — 
Total7,430 2,827 7,430 2,827 
1PRSUs are based on the maximum number of PRSUs in the key executive grant agreements. The actual number of PRSUs awarded will be based on company performance criteria and relative TSR, as discussed in Note 11, Stock-Based Compensation.