Basic and Diluted Net Loss Per Share (Tables)

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Summary of Computations of Basic Net Loss Per Share and Diluted Net Loss Per Share

The following table summarizes the computations of basic net loss per share and diluted net loss per share. Basic net loss per share is computed by dividing net loss by the weighted-average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by giving effect to all potential dilutive shares of common stock. The Company uses the if-converted method for convertible senior notes for calculating any potential dilutive effect on diluted net loss per share. (In thousands, except share and per share data)

	Year Ended December 31,
	2023			2022			2021
Net loss	$	(47,305	)	$	(61,174	)	$	(94,796	)
Dilutive effect of convertible notes, net of tax		(9,682	)		(18,890	)		—
Adjusted net loss	$	(56,987	)	$	(80,064	)	$	(94,796	)
Weighted-average common stock outstanding — basic		40,668,327			39,680,440			37,962,793
Dilutive potential common shares related to convertible notes		2,954,014			5,903,019			—
Weighted-average common stock outstanding — diluted		43,622,341			45,583,459			37,962,793
Basic net loss per share	$	(1.16	)	$	(1.54	)	$	(2.50	)
Diluted net loss per share	$	(1.31	)	$	(1.76	)	$	(2.50	)

Schedule of Common Equivalent Shares were Excluded from Diluted Net Loss Per Share Calculation because their Inclusion would have been Anti-Dilutive

The following common equivalent shares were excluded from the diluted net loss per share calculation because their inclusion would have been anti-dilutive:

	Year Ended December 31,
	2023		2022		2021
Convertible senior notes		—		—		6,080,480
Stock-based compensation grants		3,133,774		3,375,500		1,737,478
Total		3,133,774		3,375,500		7,817,958