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Net Income Per Share (Tables)
6 Months Ended
Jun. 30, 2021
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Net Income per Share of Common Stock

The following table sets forth the computation of basic and diluted net income per share of common stock attributable to common stockholders:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

 

 

(in thousands, except per-share data)

 

Net income

 

$

1,721

 

 

$

8,204

 

 

$

10,559

 

 

$

4,649

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding — Basic

 

 

15,920

 

 

 

14,581

 

 

 

15,737

 

 

 

14,538

 

Plus incremental shares from assumed conversions:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dilutive effect of restricted stock

 

 

421

 

 

 

173

 

 

 

469

 

 

 

86

 

Dilutive effect of stock options

 

 

1,438

 

 

 

926

 

 

 

1,448

 

 

 

463

 

Dilutive effect of warrants

 

 

550

 

 

 

550

 

 

 

550

 

 

 

275

 

Weighted average common shares outstanding — Diluted

 

 

18,329

 

 

 

16,229

 

 

 

18,204

 

 

 

15,363

 

Net income per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.11

 

 

$

0.56

 

 

$

0.67

 

 

$

0.32

 

Diluted

 

$

0.09

 

 

$

0.51

 

 

$

0.58

 

 

$

0.30

 

Schedule of Antidilutive Securities Excluded from Computation of Diluted Net Income per Share of Common Stock

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

 

 

(in thousands)

 

Stock options

 

 

77

 

 

 

771

 

 

 

769

 

 

 

804

 

Warrants

 

 

 

 

 

 

 

 

 

 

 

 

Unvested restricted stock awards

 

 

8

 

 

 

280

 

 

 

283

 

 

 

101

 

Total

 

 

85

 

 

 

1,051

 

 

 

1,052

 

 

 

905