Net (Loss) Income Per Share (Tables)

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Summary of the Numerator and Denominators Used in Computation of Earnings Per Share

A summary of the numerator and denominators used in the computation of earnings per share follows (in thousands, except share and per share data):

	Three Months Ended September 30,					Nine Months Ended September 30,
	2024			2023		2024			2023
Numerator:
Net (loss) income	$	(72,704	)	$	20,893	$	(264,197	)	$	44,540
Denominator:
Weighted-average shares used to compute basic net (loss) income per share		68,091,446			67,414,669		67,990,613			67,124,407
Dilutive effect of employee stock options and restricted stock units		—			2,333,878		—			3,019,252
Weighted-average shares used to compute diluted net (loss) income per share		68,091,446			69,748,547		67,990,613			70,143,659
Net (loss) income per share
Basic	$	(1.07	)	$	0.31	$	(3.89	)	$	0.66
Diluted	$	(1.07	)	$	0.30	$	(3.89	)	$	0.63

Schedule of Antidilutive Shares Excluded from the Calculation of Diluted Net Income (Loss) Per Share

The following stock options and restricted stock units outstanding at each period end have been excluded from the calculation of diluted net income (loss) per share because their inclusion would have been antidilutive:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Options to purchase common stock		8,343,751		5,971,476		8,343,751		5,937,376
Restricted stock units		2,267,734		626,086		2,267,734		510,173
Total excluded common stock equivalents		10,611,485		6,597,562		10,611,485		6,447,549