Basic and diluted net income (loss) per share

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Basic and diluted net income (loss) per share

Basic and diluted net income (loss) per 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 treasury stock method. The following table sets forth the computation of the Company’s basic and diluted net loss per ordinary share:

	Year ended December 31,
	2022		2021		2020
Net income (loss) attributable to ordinary shares as reported	$	(92,534)	$	(58,351)	$	19,808
Net income (loss) used in computing basic net income (loss) per share	$	(92,534)	$	(58,351)	$	19,808
Adjustment needed in calculating diluted net income (loss) per share	—		—		—
Net income (loss) used in computing diluted net income (loss) per share	$	(92,534)	$	(58,351)	$	19,808
Weighted average number of ordinary shares used in computing basic net income (loss) per share	104,660,476		103,433,274		100,930,866
Potentially dilutive shares that were excluded from the computation of basic net income (loss) per share:
Options	—		—		6,967,554
Restricted share units	—		—		945,612
ESPP	—		—		33,616
Weighted average number of ordinary shares used in computing diluted net income (loss) per share	104,660,476		103,433,274		108,877,648
Weighted anti-dilutive shares outstanding which were not included in the diluted calculation	7,272,606		8,524,922		1,307,762
Basic net income (loss) per ordinary share	$	(0.88)	$	(0.56)	$	0.20
Diluted net income (loss) per ordinary share	$	(0.88)	$	(0.56)	$	0.18