Net Income Per Share Attributable to Common Stockholders

6 Months Ended

Jun. 30, 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 June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Numerator:
Net income attributable to common stockholders - basic	$	7,819	$	9,921	$	12,598	$	14,839
Denominator:
Weighted average common shares outstanding – basic	52,154,616		49,578,536		52,033,268		49,345,202
Net income per share attributable to common stockholders – basic:	$	0.15	$	0.20	$	0.24	$	0.30
Numerator:
Net income attributable to common stockholders - diluted	$	7,819	$	9,921	$	12,598	$	14,839
Denominator:
Weighted average shares outstanding – basic	52,154,616		49,578,536		52,033,268		49,345,202
Options to purchase common stock	4,686,666		6,678,486		4,806,735		7,176,904
Restricted stock	6,024		58,112		5,186		29,056
Employee stock purchase plan shares	—		113,077		23,228		56,539
Weighted average shares outstanding – diluted	56,847,306		56,428,211		56,868,417		56,607,701
Net income per share attributable to common stockholders – diluted	$	0.14	$	0.18	$	0.22	$	0.26

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 June 30,		Six Months Ended June 30,
	2022	2021	2022	2021
Options to purchase common stock	1,050,854	665,398	982,298	556,122
Unvested restricted stock units	1,349,256	—	1,001,158	—
ESPP	43,320	—	32,443	—
Total excludable from net income per share attributable to common stockholders – diluted	2,443,430	665,398	2,015,899	556,122