Financial Results
The following table provides a reconciliation of Non-GAAP net income and Non-GAAP net income per share – diluted, to net loss and net loss per share – diluted, the most comparable GAAP financial measures:
| (Unaudited) | |||||||||||||||
|
Three Months Ended
September 30, |
Nine Months Ended
September 30, | ||||||||||||||
| (in thousands, except per share amounts) | 2023 | 2022 | 2023 | 2022 | |||||||||||
| Net loss | $ | (4,362 | ) | $ | (33,248 | ) | $ | (28,601 | ) | $ | (55,494 | ) | |||
| Stock-based compensation expense | 20,526 | 22,710 | 66,423 | 62,524 | |||||||||||
| Amortization of intangible assets | 7,704 | 6,571 | 23,143 | 18,682 | |||||||||||
| Non-cash interest expense | 469 | 501 | 1,399 | 1,339 | |||||||||||
| Impact of non-GAAP tax rate(1) | (10,997 | ) | 3,079 | (8,897 | ) | (1,878 | ) | ||||||||
| Special adjustments and other(2) | (658 | ) | 4,657 | 4,212 | 22,886 | ||||||||||
| Non-GAAP net income | $ | 12,682 | $ | 4,270 | $ | 57,679 | $ | 48,059 | |||||||
| Net loss per share, diluted | $ | (0.05 | ) | $ | (0.42 | ) | $ | (0.36 | ) | $ | (0.70 | ) | |||
| Non-GAAP net income per share, diluted | $ | 0.14 | $ | 0.05 | $ | 0.65 | $ | 0.55 | |||||||
| GAAP diluted shares outstanding | 80,431 | 79,207 | 80,204 | 79,205 | |||||||||||
| Non-GAAP diluted shares outstanding | 88,556 | 88,100 | 88,066 | 86,708 | |||||||||||
