Net Income per Share

3 Months Ended

Mar. 31, 2022

The following is a reconciliation between basic and diluted weighted average common shares outstanding:


(In thousands)	Three Months Ended March 31,
		2022	2021
Basic weighted average common shares outstanding		42,780	41,930
Effect of dilution:
Stock options		—	12
Restricted stock units		935	1,229
Diluted weighted average common shares outstanding		43,715	43,171

As of March 31, 2022 and March 31, 2021, 0.2 million and 0.4 million, respectively, of restricted stock units have been excluded from diluted weighted average common shares outstanding, as their impact would have been anti-dilutive.

Stock Repurchase Program

The Company's Board of Directors has authorized a program to repurchase up to $1.5 billion of its outstanding shares of common stock (the "Stock Repurchase Program"). The Stock Repurchase Program has no pre-established closing date and may be suspended or discontinued at any time. For the three months ended March 31, 2022 and 2021, the Company did not repurchase any shares of its Class A Common Stock. As of March 31, 2022, the Company had $135.3 million of authorization remaining for repurchase under the Stock Repurchase Program.