Net Income (Loss) Per Share Available to Common Stock (Tables)

6 Months Ended

Jun. 30, 2019

Schedule of Basic and Diluted Net Income Per Share Available to Common Stock

The following table sets forth the computation of our basic and diluted net income (loss) per share available to common stock (in thousands, except per share amounts):



	Three Months Ended June 30,						Six Months Ended June 30,
	2019			2018			2019			2018
Numerator:
Basic:
Net income (loss)	$	189,251		$	(155,269	)	$	390,280		$	(10,731	)
Less: undistributed earnings allocated to participating securities	(99		)	82			(217		)	6
Net income (loss) available to common stockholders, basic	$	189,152		$	(155,187	)	$	390,063		$	(10,725	)
Diluted:
Net income (loss) attributable to common stockholders, basic	$	189,152		$	(155,187	)	$	390,063		$	(10,725	)
Add: undistributed earnings allocated to participating securities	6			—			13			—
Net income (loss) attributable to common stockholders, diluted	$	189,158		$	(155,187	)	$	390,076		$	(10,725	)
Denominator:
Basic:
Weighted-average shares used in computing net income (loss) per share available to common stockholders, basic	76,552			74,503			76,238			74,250
Diluted:
Weighted-average shares used in computing net income (loss) per share available to common stockholders, basic	76,552			74,503			76,238			74,250
Add weighted-average effect of dilutive securities:
Stock options and RSUs	4,775			—			5,025			—
Employee stock purchase plan	8			—			8			—
Weighted-average shares used in computing net income (loss) per share available to common stockholders, diluted	81,335			74,503			81,271			74,250
Net income (loss) per share attributable to common stockholders:
Basic	$	2.47		$	(2.08	)	$	5.12		$	(0.14	)
Diluted	$	2.33		$	(2.08	)	$	4.80		$	(0.14	)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

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



	Three Months Ended June 30,		Six Months Ended June 30,
	2019	2018	2019	2018
Stock options and RSUs to purchase common stock	195	8,011	179	8,168
Employee stock purchase plan	31	145	68	132
Total	226	8,156	247	8,300