Basic and diluted net income (loss) per share is presented in conformity with the two-class method required for participating securities. Under the two-class method, net income (loss) is attributed to common stockholders and participating securities based on their participation rights. The Company’s Class A and Class B common stock have, in effect, the same economic rights and share equally in undistributed net income (loss), and as such, net income (loss) is allocated proportionately between the them.

The computation of earnings per share is as follows:


	Three Months Ended March 31,
	2025		2024
Numerator
Net income (loss)	$	3,472	$	(2,679)
Denominator
Weighted average shares, basic	121,946		119,144
Dilutive impact of:
Stock options	1,278		—
RSUs	1,300		—
ESPP purchase rights	103		—
Weighted average shares, diluted	124,627		119,144
Earnings Per Share
Basic	$	0.03	$	(0.02)
Diluted	$	0.03	$	(0.02)

The following potentially dilutive shares were excluded from the computation of diluted earnings per share because including them would have been antidilutive:


	Three Months Ended March 31,
	2025	2024
Stock options	—	2,089
Unvested restricted stock units	982	4,063
Unvested performance stock units	4,633	4,398
ESPP purchase rights	61	456