Net Income (Loss) per Common Share

9 Months Ended

Sep. 30, 2024

Basic and diluted net loss per common share is computed by dividing net income (loss) by the weighted average number of common shares outstanding. For the periods in a loss position, diluted net loss per share is the same as basic net loss per share. The treasury stock method is used to determine the dilutive effect of the Company's stock options, RSUs, performance awards and ESPP. The numerator and denominator used in the calculation of basic and diluted net loss per common share are as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands, except per share data)	2024		2023		2024		2023
Numerator:
Net income (loss) used for the calculation of basic and diluted EPS	$	14,350	$	(13,447)	$	4,323	$	(51,145)

Denominator:
Weighted-average common shares outstanding, basic	143,051		142,847		143,353		143,085
Effect of dilutive shares:
Stock options, RSUs, performance awards and ESPP	2,600		—		1,657		—
Weighted-average diluted common shares outstanding, diluted	145,651		142,847		145,010		143,085

Net income (loss) per share, basic	$	0.10	$	(0.09)	0.03		(0.36)
Net income (loss) per share, diluted	$	0.10	$	(0.09)	$	0.03	$	(0.36)

The Company did not include certain shares issuable under share-based compensation plans because the effect would have been antidilutive. The number of common shares excluded was insignificant for all periods presented.