The following table presents the Company’s basic net income (loss) per share (in thousands, except per share amounts):


	Three Months Ended March 31,
	2024		2023
Net income (loss) per share, basic:
Net income (loss)	$	(6,505)	$	5,011



Weighted average shares of Class A and Class B common stock outstanding	98,962		104,261
Net income (loss) per share, basic	$	(0.07)	$	0.05

The following table presents the Company’s diluted net income (loss) per share (in thousands, except per share amounts):


	Three Months Ended March 31,
	2024		2023
Net income (loss) per share, diluted:
Numerator:
Net income (loss)	$	(6,505)	$	5,011





Denominator:
Weighted average shares of Class A and Class B common stock outstanding, basic	98,962		104,261
Effect of dilutive securities:
Options to purchase common stock	—		5,345

Unvested restricted stock units	—		372
Employee stock purchase plan	—		6

Weighted average shares of Class A and Class B common stock outstanding, diluted	98,962		109,984
Net income (loss) per share, diluted	$	(0.07)	$	0.05

The weighted average number of potentially dilutive common stock equivalents of 12.6 million and 5.9 million were excluded from the computation of diluted net income (loss) per share during the three months ended March 31, 2024 and 2023, respectively, because their inclusion would have been anti-dilutive.

In April 2021, the Company granted a restricted stock unit (“RSU”) award (the “CEO Performance Award”), which included service, market, and performance-based vesting conditions. The CEO Performance Award is excluded from the above table because none of the market conditions had been met as of March 31, 2023. Additionally, in December 2023, the Company entered into a Cancellation Agreement with the CEO, which provided for the cancellation of the 1.4 million RSUs included in the CEO Performance Award. For more information on the Cancellation Agreement, please see Note 10.