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Net Income Per Share (Tables)
 12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Summary of Basic and Diluted Net Income (Loss) Per Share

Basic and diluted net income per share was calculated as follows:

 

Year Ended December 31,

 

(in thousands, except share and per share amounts)

 

2023

 

 

2022

 

 

2021

 

Basic net income per share

 

$

0.26

 

 

$

0.43

 

 

$

0.11

 

Diluted net income per share

 

$

0.26

 

 

$

0.43

 

 

$

0.11

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income

 

 

37,293

 

 

 

64,604

 

 

 

16,051

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average number of shares outstanding - basic

 

 

144,083,808

 

 

 

150,227,213

 

 

 

140,480,590

 

Add options and restricted stock units to purchase units

 

 

2,142,288

 

 

 

1,579,927

 

 

 

1,206,794

 

Weighted average number of shares outstanding - diluted

 

 

146,226,096

 

 

 

151,807,139

 

 

 

141,687,384