Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.22.2.2
Earnings Per Share
9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
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):
Three Months Ended September 30, Nine Months Ended September 30,
2022 2021 2022 2021
Numerator:  
Net income (loss) used in computing basic net income (loss) per share attributable to common stockholders $ 210,560  $ 24,129  $ 110,356  $ (40,904)
Add: Senior Convertible Notes discount amortization 571  —  1,692  — 
Net income (loss) used in computing diluted net income (loss) per share attributable to common stockholders $ 211,131  $ 24,129  $ 112,048  $ (40,904)
Denominator:  
Basic shares:
Weighted average shares used to compute net income (loss) per share attributable to common stockholders 212,696  206,103  210,609  204,355 
Weighted average effect of potentially dilutive shares to purchase common stock
8,154  6,913  8,053  — 
Diluted shares:
Weighted average shares used to compute net income (loss) per share attributable to common stockholders 220,850  213,016  218,662  204,355 
Net income (loss) per share attributable to common stockholders
Basic $ 0.99  $ 0.12  $ 0.52  $ (0.20)
Diluted $ 0.96  $ 0.11  $ 0.51  $ (0.20)
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):
Three Months Ended September 30, Nine Months Ended September 30,
2022 2021 2022 2021
Outstanding stock options 1,686  835  1,703  743 
Unvested restricted stock units 1,576  1,954  3,282  1,418 
Capped Calls for Senior Convertible Notes 3,392  3,392  3,392  3,041 
Total 6,654  6,181  8,377  5,202