Quarterly report pursuant to Section 13 or 15(d)

Income (Loss) Per Share

v3.23.3
Income (Loss) Per Share
 9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Income (Loss) Per Share Income (Loss) Per Share
For the three and nine months ended September 30, 2023, our potentially dilutive securities included stock options, restricted stock units and shares to be issued under our ESPP. For the three and nine months ended September 30, 2022, our potentially dilutive securities included stock options and restricted stock units. Due to the net loss that we recognized during the nine months ended September 30, 2022, the potentially dilutive shares of common stock associated with these equity-based securities were determined to be antidilutive and, therefore, are excluded from the computation of diluted loss per share for the nine months ended September 30, 2022.
The following table sets forth the calculation of basic and diluted income (loss) per share for the three and nine months ended September 30, 2023 and 2022:
Three Months Ended
September 30,		 Nine Months Ended
September 30,
2023 2022 2023 2022
Net income (loss) $ 7,915 $ 24,732 $ 52,379 $ (15,519)
Weighted-average common shares outstanding – basic 196,146 193,918 195,404 193,364
Dilutive effect of stock-based compensation awards 8,152 4,463 8,550 —
Weighted-average common shares outstanding – diluted 204,298 198,381 203,954 193,364
Income (loss) per common share – basic $ 0.04 $ 0.13 $ 0.27 $ (0.08)
Income (loss) per common share – diluted $ 0.04 $ 0.12 $ 0.26 $ (0.08)
The following is a summary of potential shares of common stock that were antidilutive and excluded from the weighted average share computations for the three and nine months ended September 30, 2023 and 2022:
Three Months Ended
September 30,		 Nine Months Ended
September 30,
2023 2022 2023 2022
Stock options 6,533 6,060 6,272 25,139
Restricted stock units 872 2,658 872 2,786
Potential common shares excluded from the weighted average share calculations 7,405 8,718 7,144 27,925