Net Income (Loss) Per Share

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Net Income (Loss) Per Share

15. Net Income (Loss) Per Share

The components of net income per share are as follows:

	Three Months Ended June 30,					Six Months Ended June 30,
	2022			2021		2022			2021
Numerator:
Net (loss) income (in thousands)	$	(10,187	)	$	4,068	$	(13,316	)	$	11,537
Denominator:
Weighted average number of common shares    outstanding - basic		53,183,767			49,669,652		52,075,399			49,512,800
Common stock equivalents from outstanding    common stock options		—			2,940,337		—			3,057,128
Common stock equivalents from unvested RSUs		—			2,947,918		—			3,054,465
Common stock equivalents from ESPP		—			3,233		—			6,924
Common stock equivalents from restricted stock		—			33,876		—			33,876
Weighted average number of common shares    outstanding - diluted		53,183,767			55,595,016		52,075,399			55,665,193
Net (loss) income per share:
Basic	$	(0.19	)	$	0.08	$	(0.26	)	$	0.23
Diluted	$	(0.19	)	$	0.07	$	(0.26	)	$	0.21

The following outstanding potentially dilutive common stock equivalents have been excluded from the calculation of diluted net loss per share for the three and six months ended June 30, 2022 due to their anti-dilutive effect:

	Three and Six Months Ended June 30, 2022
Common stock options		2,006,646
RSUs		3,680,131
ESPP		10,404
		5,697,181