The Company computed basic net (loss) income per share based on the weighted average number of shares of common stock outstanding during the period. The Company computed diluted net (loss) income per share based on the weighted average number of shares of common stock outstanding plus potentially dilutive common stock equivalents outstanding during the period. For the purposes of this calculation, stock options, restricted stock units, performance stock units, and stock sold through the ESPP are considered common stock equivalents.

A reconciliation of the numerator and denominator used in the calculation of the basic and diluted net (loss) income per share is as follows (in thousands, except share and per share amounts):


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Numerator:
Net (loss) income	$	(60,200)	$	18,960	$	(49,198)	$	27,522



Denominator:
Weighted average shares used to compute net (loss) income attributable to common stockholders:
Basic	38,793,341		38,320,999		38,755,337		38,254,042
Potential dilutive stock-based options and awards	—		880,156		—		897,370

Diluted	38,793,341		39,201,155		38,755,337		39,151,412
Net (loss) income per share:
Basic	$	(1.55)	$	0.49	$	(1.27)	$	0.72
Diluted	$	(1.55)	$	0.48	$	(1.27)	$	0.70

For the three months ended June 30, 2024 and 2023, outstanding stock-based awards of 1,131 thousand and 8 thousand shares, respectively, and for the six months ended June 30, 2024 and 2023 outstanding stock-based awards of 1,215 thousand and 8 thousand shares, respectively, were excluded from the computation of diluted net (loss) income per share because their effect would have been anti-dilutive in the periods presented.