Net Income (Loss) Per Share (Tables)

6 Months Ended

Jun. 30, 2021

Summary of Calculation of Basic and Diluted Net Loss Per Share

The following table presents the calculation of basic and diluted net income (loss) per share (in thousands, except per share data):

	Three Months Ended					Six Months Ended
	June 30, 2021		June 30, 2020			June 30, 2021		June 30, 2020
Numerator:
Net income (loss)	$	73,467	$	(43,148	)	$	149,763	$	(97,760	)
Denominator:
Weighted-average common shares outstanding — basic		132,705		122,614			131,198		121,397
Net income (loss) per share — basic	$	0.55	$	(0.35	)	$	1.14	$	(0.81	)

Weighted-average common shares outstanding — basic		132,705		122,614			131,198		121,397
Common stock equivalents		9,417		—			10,036		—
Weighted-average common shares outstanding — diluted		142,122		122,614			141,234		121,397
Net income (loss) per share — diluted	$	0.52	$	(0.35	)	$	1.06	$	(0.81	)

Schedule of Antidilutive Securities Excluded from Calculation of Diluted Net Income or Net Loss Per Share

Common stock equivalents excluded from the calculation of diluted net income per share or excluded from the calculation of diluted net loss per share because of their anti-dilutive effect are as follows (in thousands):

	Three Months Ended				Six Months Ended
	June 30, 2021		June 30, 2020		June 30, 2021		June 30, 2020
Restricted stock units and stock options		125		14,365		125		14,365
Unvested shares of common stock issued upon early exercise of stock options		—		9		—		9
Total		125		14,374		125		14,374