Net Income (Loss) per Share Attributable to Common Stock

3 Months Ended

Mar. 31, 2023

Net Income (loss) Per Share Attributable to Common Stock

Note 12. Net income (loss) per share attributable to common stock

The Company granted certain stock options under the 2019 Plan, and currently grants certain stock options under the 2020 Plan, which are considered common stock equivalents. Unvested restricted stock units granted under the 2020 Plan are also considered common stock equivalents. For the period ending March 31, 2022, the common stock equivalents were included to calculate weighted-average diluted shares outstanding. The Company used the treasury

stock method. For the period ending March 31, 2023, the common stock equivalents were excluded from the calculation of net income (loss) per share due to their anti-dilutive effect.

The following table summarizes the impact of the treasury stock method:


Net (loss) income per share	Three Months Ended March 31,
(in thousands, except per share amounts)	2023			2022
Numerator
Net (loss) income attributable to common stockholders	$	(15,551	)	$	69,582
Denominator
Weighted-average shares used in compute net (loss) income per share, basic		35,716,037			35,493,272
Effect of dilutive securities		—			2,642,685
Weighted-average shares used to compute net (loss) income per share, diluted		35,716,037			38,135,957
Net (loss) income per share:
Basic	$	(0.44	)	$	1.96
Diluted	$	(0.44	)	$	1.82