| Schedule of Net Income (Loss) Per Share, Basic and Diluted |
The following table sets forth the computations of net income (loss) per share for the periods listed: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | | 2025 | | 2024 | | 2025 | | 2024 | | Basic net income (loss) per share | | | | | | | | | | Numerator: | | | | | | | | | Net income (loss) | | $ | 11,764 | | | $ | (13,060) | | | $ | 16,517 | | | $ | (26,903) | | | Denominator: | | | | | | | | | | Weighted-average common shares outstanding, basic | | 62,353 | | | 60,162 | | | 61,790 | | | 59,804 | | | Net income (loss) per common share, basic | | $ | 0.19 | | | $ | (0.22) | | | $ | 0.27 | | | $ | (0.45) | | | | | | | | | | | | Diluted net income (loss) per share | | | | | | | | | | Numerator: | | | | | | | | | Net income (loss) | | $ | 11,764 | | | $ | (13,060) | | | $ | 16,517 | | | $ | (26,903) | | Interest expense, net of tax(1) | | 845 | | | — | | | — | | | — | | Adjusted net income (loss) used in diluted computations | | $ | 12,609 | | | $ | (13,060) | | | $ | 16,517 | | | $ | (26,903) | | | Denominator: | | | | | | | | | | Weighted-average common shares outstanding, basic | | 62,353 | | | 60,162 | | | 61,790 | | | 59,804 | | | Effect of potentially dilutive shares: | | | | | | | | | | Stock options, restricted stock units, market stock units and performance stock units | | 2,493 | | | — | | | 3,171 | | | — | | | Shares issuable pursuant to the ESPP | | 3 | | | — | | | 2 | | | — | | Shares related to convertible notes(2) | | 4,793 | | | — | | | — | | | — | | | Weighted-average common shares outstanding, diluted | | 69,642 | | | 60,162 | | | 64,963 | | | 59,804 | | | Net income (loss) per common share, diluted | | $ | 0.18 | | | $ | (0.22) | | | $ | 0.25 | | | $ | (0.45) | |
(1) Interest expense has been tax effected using the combined federal and blended state rate of 24.9% for the three months ended June 30, 2025. (2) The dilutive impact of the convertible senior notes was calculated using the if-converted method. The convertible senior notes were antidilutive for the six months ended June 30, 2025. Convertible debt becomes anti-dilutive when the combined impact of the interest expense, net of tax, per common share obtainable upon conversion exceeds basic earnings per share.
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| Schedule of Antidilutive Securities Excluded from Computation of Income (Loss) Per Share |
The following table sets forth the anti-dilutive common share equivalents for the periods listed: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | | 2025 | | 2024 | | 2025 | | 2024 | | Stock options, restricted stock units, market stock units and performance stock units | | 616 | | 5,296 | | 449 | | 5,296 | | Shares issuable pursuant to the ESPP | | 15 | | 68 | | 7 | | 68 | | Shares related to convertible notes | | — | | 4,793 | | 4,793 | | 4,793 | | Anti-dilutive shares excluded from diluted income per common share | | 631 | | | 10,157 | | | 5,249 | | | 10,157 | |
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