v3.24.2.u1
Net Loss per Share (Tables)
6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Summary of Reconciliation of Denominator Used in Calculation of Basic and Diluted Net Loss Per Share

A reconciliation of the denominator used in the calculation of basic and diluted net loss per share is as follows:

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Net loss

$

(14,435

)

 

$

(111,803

)

 

$

(8,501

)

 

$

(148,523

)

Weighted-average common shares outstanding — basic

 

51,005

 

 

 

49,703

 

 

 

50,847

 

 

 

49,550

 

Dilutive effect of share equivalents resulting from
   stock options, RSUs, ESPP, PSUs, and the
   Conversion Options

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Weighted-average common shares, outstanding — diluted

 

51,005

 

 

 

49,703

 

 

 

50,847

 

 

 

49,550

 

Net loss per share, basic and diluted

$

(0.28

)

 

$

(2.25

)

 

$

(0.17

)

 

$

(3.00

)

Schedule of Potentially Dilutive Common Stock Equivalents

The following table contains all potentially dilutive common stock equivalents.

 

 

As of June 30,

 

 

 

2024

 

 

2023

 

 

 

(in thousands)

 

Options to purchase common shares

 

 

360

 

 

 

493

 

RSUs

 

 

1,937

 

 

 

2,267

 

Conversion Option of the 2025 Notes

 

 

1,625

 

 

 

1,625

 

PSUs

 

 

34

 

 

 

—

 

ESPP

 

 

40

 

 

 

24