Earnings per Common Share (Tables)

12 Months Ended

Dec. 31, 2021

The calculation of basic and diluted EPS was as follows:


	Year Ended December 31,
	2021		2020		2019
	(In thousands, except per share data)
Basic earnings per Class A common share
Numerator:
Net income	$	47,480	$	23,131	$	99,897
Amount attributable to unvested Walmart restricted shares	(412)		(346)		—
Net income allocated to Class A common stockholders	$	47,068	$	22,785	$	99,897
Denominator:
Weighted-average Class A shares issued and outstanding	54,070		52,438		52,195
Basic earnings per Class A common share	$	0.87	$	0.43	$	1.91

Diluted earnings per Class A common share
Numerator:
Net income allocated to Class A common stockholders	$	47,068	$	22,785	$	99,897
Re-allocated earnings	9		8		—
Diluted net income allocated to Class A common stockholders	$	47,077	$	22,793	$	99,897
Denominator:
Weighted-average Class A shares issued and outstanding	54,070		52,438		52,195
Dilutive potential common shares:
Stock options	464		233		114
Service based restricted stock units	408		708		361
Performance-based restricted stock units	265		306		440
Employee stock purchase plan	13		—		28
Diluted weighted-average Class A shares issued and outstanding	55,220		53,685		53,138
Diluted earnings per Class A common share	$	0.85	$	0.42	$	1.88

Schedule of Antidilutive Shares

Additionally, we have excluded any performance-based restricted stock units and performance-based stock options where the performance contingency has not been met as of the end of the period, or whereby the result of including such awards was anti-dilutive.

The following table shows the weighted-average number of anti-dilutive shares excluded from the diluted EPS calculation:


	Year Ended December 31,
	2021	2020	2019
	(In thousands)
Class A common stock
Options to purchase Class A common stock	139	731	—
Service based restricted stock units	245	101	354
Performance-based restricted stock units	857	301	459
Unvested Walmart restricted shares	473	796	—
Total	1,714	1,929	813