Basic and Diluted Net Income Per Share of Common Stock |
The following table presents the calculation of basic and diluted net income per share of common stock for the years ended December 31, 2022, 2021 and 2020: | | | | | | | | | | | | | | | | | | | Year Ended December 31, | (in thousands, except for share and per share amounts) | 2022 | | 2021 | | 2020 | Numerator: | | | | | | Net income | $ | 6,275 | | | $ | 33,152 | | | $ | 23,337 | | Denominator: | | | | | | Weighted average shares outstanding, basic | 56,461,877 | | | 55,548,122 | | | 54,427,683 | | Effect of dilutive securities | 521,294 | | | 1,373,714 | | | 763,119 | | Weighted average shares outstanding, diluted | 56,983,171 | | | 56,921,836 | | | 55,190,802 | | Net income per share, basic and diluted: | | | | | | Basic | $ | 0.11 | | | $ | 0.60 | | | $ | 0.43 | | Diluted | $ | 0.11 | | | $ | 0.58 | | | $ | 0.42 | | Antidilutive securities excluded from calculations of diluted net income per share | 4,786,891 | | | 2,176,944 | | | 3,407,409 | |
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