| Earnings Per Share |
Earnings Per Share The computation of the Company’s basic and diluted net income (loss) per share is as follows (in thousands, except per share amounts):
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2022 |
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2021 |
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2022 |
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2021 |
| Numerator: |
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| Net income (loss) used in computing basic net income (loss) per share attributable to common stockholders |
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$ |
210,560 |
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$ |
24,129 |
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$ |
110,356 |
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$ |
(40,904) |
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| Add: Senior Convertible Notes discount amortization |
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571 |
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— |
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1,692 |
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— |
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| Net income (loss) used in computing diluted net income (loss) per share attributable to common stockholders |
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$ |
211,131 |
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$ |
24,129 |
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$ |
112,048 |
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$ |
(40,904) |
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| Denominator: |
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| Basic shares: |
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| Weighted average shares used to compute net income (loss) per share attributable to common stockholders |
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212,696 |
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206,103 |
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210,609 |
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204,355 |
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Weighted average effect of potentially dilutive shares to purchase common stock |
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8,154 |
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6,913 |
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8,053 |
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— |
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| Diluted shares: |
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| Weighted average shares used to compute net income (loss) per share attributable to common stockholders |
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220,850 |
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213,016 |
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218,662 |
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204,355 |
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| Net income (loss) per share attributable to common stockholders |
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| Basic |
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$ |
0.99 |
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$ |
0.12 |
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$ |
0.52 |
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$ |
(0.20) |
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| Diluted |
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$ |
0.96 |
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$ |
0.11 |
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$ |
0.51 |
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$ |
(0.20) |
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The following shares were excluded from the computation of diluted net income (loss) per share as the impact of including those shares would be anti-dilutive (in thousands):
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2022 |
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2021 |
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2022 |
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2021 |
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| Outstanding stock options |
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1,686 |
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|
835 |
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1,703 |
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743 |
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| Unvested restricted stock units |
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1,576 |
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1,954 |
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3,282 |
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1,418 |
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| Capped Calls for Senior Convertible Notes |
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3,392 |
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3,392 |
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3,392 |
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3,041 |
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| Total |
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6,654 |
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6,181 |
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8,377 |
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5,202 |
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