Net Income Per Share Attributable to Common Stockholders

3 Months Ended

Mar. 31, 2022

Net Income Per Share Attributable to Common Stockholders

The Company has two classes of common stock, Class A and Class B. Basic and diluted earnings per share (“EPS”) attributable to common stockholders for Class A and Class B common stock were the same because they were entitled to the same liquidation and dividend rights. The following table sets forth the computation of the Company’s basic and diluted net income per share (in thousands, except share and per share data):


	Three Months Ended March 31,
	2022		2021
Numerator:
Net income attributable to common stockholders - basic	$	4,779	$	4,918
Denominator:
Weighted average common shares outstanding – basic	51,910,572		49,109,237
Net income per share attributable to common stockholders – basic:	$	0.09	$	0.10
Numerator:
Net income attributable to common stockholders - diluted	$	4,779	$	4,918
Denominator:
Weighted average shares outstanding – basic	51,910,572		49,109,237
Options to purchase common stock	4,926,804		7,675,321
Restricted stock	4,348		—
Employee stock purchase plan shares	46,455		—
Weighted average shares outstanding – diluted	56,888,179		56,784,558
Net income per share attributable to common stockholders – diluted	$	0.08	$	0.09

The following weighted-average outstanding shares of common stock equivalents were excluded from the computation of diluted net income per share attributable to common stockholders for the periods presented because including them would have been anti-dilutive:


	Three Months Ended March 31,
	2022	2021
Options to purchase common stock	913,742	446,845
Unvested restricted stock units	653,061	—
ESPP	21,566	—
Total excludable from net income per share attributable to common stockholders – diluted	1,588,369	446,845