Schedule of Earnings Per Share, Basic and Diluted |
The following table sets forth the computation of net income (loss) per share for the periods presented:
| | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended December 31, | | Six Months Ended December 31, | (in thousands, except per share amounts) | 2021 | | 2020 | | 2021 | | 2020 | Basic: | | | | | | | | Numerator: | | | | | | | | Net income (loss) | $ | (137,008) | | | $ | 89,856 | | | $ | (184,161) | | | $ | 89,591 | | | | | | | | | | | | | | | | | | Net income (loss) attributable to common shareholders | (137,008) | | | 89,856 | | | (184,161) | | | 89,591 | | Denominator: | | | | | | | | Weighted-average common stock outstanding | 163,966 | | | 162,645 | | | 163,829 | | | 162,546 | | Net income (loss) per share—basic: | $ | (0.84) | | | $ | 0.55 | | | $ | (1.12) | | | $ | 0.55 | | Diluted: | | | | | | | | Numerator: | | | | | | | | Net income (loss) attributable to common shareholders | $ | (137,008) | | | $ | 89,856 | | | $ | (184,161) | | | $ | 89,591 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net income (loss) attributable to common and common equivalent shareholders | (137,008) | | | 89,856 | | | (184,161) | | | 89,591 | | Denominator: | | | | | | | | Weighted-average common stock outstanding | 163,966 | | | 162,645 | | | 163,829 | | | 162,546 | | | | | | | | | | | | | | | | | | Stock options outstanding to purchase shares of common stock including unvested RSU's and from the ESPP(1) | — | | | 2,918 | | | — | | | 2,831 | | | | | | | | | | Total common and common equivalent shares outstanding | 163,966 | | | 165,563 | | | 163,829 | | | 165,377 | | Net income (loss) per share—diluted: | $ | (0.84) | | | $ | 0.54 | | | $ | (1.12) | | | $ | 0.54 | |
(1) Excluded from the computation of net income (loss) per share-diluted for the three and six months ended December 31, 2021, because the effect would have been anti-dilutive.
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Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share |
The weighted average potential shares of common stock that were excluded from the calculation of net income (loss) per share-diluted for the periods presented because including them would have been anti-dilutive are as follows for the periods presented: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended December 31, | | Six Months Ended December 31, | (in thousands) | 2021 | | 2020 | | 2021 | | 2020 | | | | | | | | | | | | | | | | | | | | | | | | | Stock options outstanding to purchase shares of common stock including unvested RSU's and from the ESPP | 5,133 | | | — | | | 4,908 | | | — | | Shares subject to outstanding PSU's(1) | 165 | | | — | | | 247 | | | — | | | | | | | | | | Total | 5,298 | | | — | | | 5,155 | | | — | |
(1) The weighted-average number of shares excluded from the computation of net income (loss) per share-diluted because the performance conditions associated with these awards were not met.
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