v3.20.4
Net Income (Loss) per Share (Tables)
 12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Summary of the Reconciliation of the Basic and Diluted Weighted Average Number of Shares Outstanding
The following table summarizes the reconciliation of the basic weighted average number of shares outstanding and the diluted weighted average number of shares outstanding:    
Years ended
December 31, 2020December 31, 2019
Numerator:
Net income (loss)
$319,509 $(124,842)

Denominator:
Basic weighted average number of shares outstanding
119,569,705113,026,424
Effect of dilutive securities(1)
3,893,569—
Diluted weighted average number of shares
123,463,274113,026,424

Net income (loss) per share:
Basic
$2.67 $(1.10)
Diluted
$2.59 $(1.10)

Common stock equivalents excluded from income (loss) per diluted share because they are anti-dilutive
638,8485,752,833 
(1) Included in the effect of dilutive securities is the assumed conversion of employee stock options and employee RSUs. Convertible senior notes have been excluded as they are anti-dilutive.