| Net Income (Loss) per Share |
Net Income (Loss) per Share The following table sets forth the computation of the Company’s basic and diluted net income per share for the periods presented: | | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | | | (In thousands, except share and per share data) | 2024 | | 2023 | | | | | | Numerator: | | | | | | | | Basic: net income | $ | 18,442 | | | $ | 17,167 | | | | | | | Gain on early extinguishment of debt, net of tax | — | | | (38,525) | | | | | | | Interest expense related to convertible senior notes, net of tax | 640 | | | 389 | | | | | | | Diluted | $ | 19,082 | | | $ | (20,969) | | | | | | | | | | | | | | | Denominator: | | | | | | | | | Weighted-average shares used to compute net income (loss) per share, basic and diluted | | Basic | 136,356,961 | | | 132,835,837 | | | | | | | Options to purchase common stock | 1,204,762 | | | — | | | | | | | | | | | | | | | Common stock issuable upon exercise of common stock warrants | 297,781 | | | — | | | | | | | Common stock issuable in connection with employee stock purchase plan | 334,500 | | | — | | | | | | | Common stock issuable in connection with convertible senior notes | 5,463,045 | | | 3,130,578 | | | | | | | Diluted | 143,657,049 | | | 135,966,415 | | | | | | | | | | | | | | | Net income (loss) per share: | | | | | | | | | Basic | $ | 0.14 | | | $ | 0.13 | | | | | | | Diluted | $ | 0.13 | | | $ | (0.15) | | | | | |
The following potentially dilutive shares were excluded from the computation of diluted net income per share because including them would have been anti-dilutive: | | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | | | | 2024 | | 2023 | | | | | | Options to purchase common stock | 2,020,500 | | | 3,628,396 | | | | | | | Common stock issuable upon exercise of common stock warrants | — | | | 350,000 | | | | | | | Common stock issuable upon vesting of restricted stock units and performance stock units | 13,370,738 | | | 10,619,944 | | | | | | | Common stock issuable in connection with employee stock purchase plan | 980,231 | | | 1,236,008 | | | | | | | Common stock issuable in connection with convertible senior notes | — | | | 5,463,045 | | | | | | | Total | 16,371,469 | | | 21,297,393 | | | | | |
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