Net Income (Loss) Per Ordinary Share (Tables)

9 Months Ended

Sep. 30, 2023

Calculation of Basic and Diluted Net Income (Loss) Per Ordinary Share

Net income (loss) per ordinary share was determined as follows (in thousands, except per share amounts):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Numerator:
Net income (loss)	$	21,907	$	(45,764)	$	(79,552)	$	(123,298)
Denominator:
Weighted-average ordinary shares outstanding used in per share calculations - basic	53,559		46,986		53,064		46,833
Weighted-average ordinary shares outstanding used in per share calculations - diluted	58,004		46,986		53,064		46,833
Net income (loss) per share:
Basic net income (loss) per ordinary share	$	0.41	$	(0.97)	$	(1.50)	$	(2.63)
Diluted net income (loss) per ordinary share	$	0.38	$	(0.97)	$	(1.50)	$	(2.63)

Ordinary Shares Equivalent Not Included in Diluted Net Income (Loss) Per Ordinary Share

The equivalent ordinary shares not included in diluted net income (loss) per share because their effect would be anti-dilutive are as follows (in thousands):


	Three Months Ended September 30,		Nine Months Ended September 30,
	2023	2022	2023	2022
Stock options to purchase ordinary shares	2,110	10,019	9,939	10,019
Restricted Stock Units (RSU)	27	—	27	—
Total	2,137	10,019	9,966	10,019