Basic net income (loss) per share is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per share is computed based on the weighted average number of common shares outstanding plus the effect of potentially dilutive common shares outstanding during the

period using the applicable methods. The potentially dilutive common shares during the years ended December 31, 2024, 2023 and 2022 include unexercised stock options, unvested time-based restricted stock units and unvested performance-based restricted stock units whose performance conditions have been satisfied. The potentially dilutive common shares during the same periods did not include performance-based restricted stock units if the performance conditions of these awards have not been satisfied. The potentially dilutive common shares are included in the calculation of diluted net income (loss) per share only when their effect is dilutive.


	Year Ended December 31,
	2024		2023		2022
	(in thousands, except share and per share data)
Basic net income (loss) per share:
Numerator
Net income (loss)	$	(135,010)	$	22,070	$	66,620
Net income (loss) attributable to common stockholders	$	(135,010)	$	22,070	$	66,620
Denominator
Weighted average common shares outstanding	119,179,766		120,826,644		126,108,329
Basic net income (loss) per share attributable to common stockholders	$	(1.13)	$	0.18	$	0.53

Diluted net income (loss) per share:
Numerator
Net income (loss) attributable to common stockholders	$	(135,010)	$	22,070	$	66,620
Denominator
Basic weighted average common shares outstanding	119,179,766		120,826,644		126,108,329
Dilutive effect of time-based and performance-based restricted stock units outstanding	—		648,236		153,285
Diluted weighted average common shares outstanding	119,179,766		121,474,880		126,261,614
Diluted net income (loss) per share attributable to common stockholders	$	(1.13)	$	0.18	$	0.53

The following potentially dilutive outstanding securities for the years ended December 31, 2024, 2023 and 2022 were excluded from the computation of diluted net income (loss) per share because their effect would have been anti-dilutive for the periods presented, or the issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied by the end of the periods:


	Year Ended December 31,
	2024	2023	2022
Stock options	122,965	140,049	172,461
Time-based restricted stock units	2,798,939	280,702	411,349
Performance-based restricted stock units	697,238	424,675	159,965
Total	3,619,142	845,426	743,775