Net Income (Loss) Per Share Attributable to Common Stockholders

3 Months Ended

Mar. 31, 2023

Net Income (Loss) Per Share Attributable to Common Stockholders

The Company has two classes of common stock, Class A and Class B. Basic and diluted earnings per share (“EPS”) attributable to common stockholders for Class A and Class B common stock were the same because they were entitled to the same liquidation and dividend rights.

The following table sets forth the computation of the Company’s basic and diluted net income (loss) per share (in thousands, except share and per share data):


	Three Months Ended March 31,
	2023		2022
Numerator:
Net income (loss) attributable to common stockholders – basic	$	(5,871)	$	4,779
Denominator:
Weighted average common shares outstanding – basic	52,740,352		51,910,572
Net income (loss) per share attributable to common stockholders – basic:	$	(0.11)	$	0.09
Numerator:
Net income (loss) attributable to common stockholders – diluted	$	(5,871)	$	4,779
Denominator:
Weighted average shares outstanding – basic	52,740,352		51,910,572
Options to purchase common stock	—		4,926,804
Restricted stock	—		4,348
Employee stock purchase plan shares	—		46,455
Weighted average shares outstanding – diluted	52,740,352		56,888,179
Net income (loss) per share attributable to common stockholders – diluted	$	(0.11)	$	0.08

The following weighted-average outstanding shares of common stock equivalents were excluded from the computation of diluted net income (loss) per share attributable to common stockholders for the periods presented because including them would have been anti-dilutive:


	Three Months Ended March 31,
	2023	2022
Options to purchase common stock	1,892,052	913,742
Unvested restricted stock units	2,451,338	653,061
ESPP	91,661	21,566
Total common stock equivalents excluded from net income per share attributable to common stockholders – diluted	4,435,051	1,588,369