Earnings Per Share

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Earnings Per Share

Note 3—Earnings Per Share

The Company has two classes of common stock, Class A and Class B. Basic and diluted earnings (loss) per share attributable to common stockholders for Class A and Class B common stock were the same because they were entitled to the same liquidation and dividend rights.

The computation of basic and diluted earnings (loss) per share is as follows (in thousands, except per share amounts):

	Three Months Ended
	March 31,
	2022			2021
Numerator:
Net income (loss)	$	(14,598	)	$	22,642
Denominator:
Weighted-average shares outstanding—basic		484,190			472,816
Effect of dilutive securities		—			25,100
Weighted-average shares outstanding—diluted		484,190			497,916
Basic earnings (loss) per share	$	(0.03	)	$	0.05
Diluted earnings (loss) per share	$	(0.03	)	$	0.05
Anti-dilutive equity awards under stock-based award plans    excluded from the determination of diluted earnings (loss) per share		25,609			263