Basic and Diluted Net Income (Loss) Per Ordinary Share

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

Basic and diluted net income (loss) per ordinary share

Basic and diluted net income (loss) per ordinary shareBasic net income (loss) per share is computed based on the weighted average number of ordinary shares outstanding during each period. Diluted net income per share is computed based on the weighted average number of ordinary shares outstanding during the period, plus potential dilutive shares (deriving from options, RSUs, PSUs, convertible notes and the ESPP) considered outstanding during the period, in accordance with ASC 260-10, as determined under the if-converted method. The following table sets forth the computation of the Company’s basic and diluted net income (loss) per ordinary share:

	Three months ended June 30,				Six months ended June 30,				Year ended December 31, 2020
	2021		2020		2021		2020
	Unaudited				Unaudited				Audited
Net income (loss) attributable to ordinary shares as reported used in computing basic and diluted net income (loss) per share	$	(14,641)	$	1,655	$	(18,769)	$	5,607	$	19,808
Weighted average number of ordinary shares used in computing basic net income (loss) per share	103,484,866		100,718,893		103,061,557		100,298,230		100,930,866
Potentially dilutive shares that were excluded from the computation of basic net income (loss) per share:
Options	—		6,340,304		—		6,721,178		6,967,554
Restricted share units	—		555,530		—		845,424		945,612
ESPP	—		33,075		—		33,075		33,616
Weighted average number of ordinary shares used in computing diluted net income (loss) per share	103,484,866		107,647,802		103,061,557		107,897,907		108,877,648
Weighted anti-dilutive shares outstanding which were not included in the diluted calculation	9,098,788		1,148,420		9,363,037		598,533		1,307,762
Basic net income (loss) per ordinary share	$	(0.14)	$	0.02	$	(0.18)	$	0.06	$	0.20
Diluted net income (loss) per ordinary share	$	(0.14)	$	0.02	$	(0.18)	$	0.05	$	0.18