XML 21 R10.htm IDEA: XBRL DOCUMENT v3.22.2
Net Income per Share
 6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Net Income per Share Net Income per Share
The following is a reconciliation between basic and diluted weighted average common shares outstanding:
(In thousands)Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Basic weighted average common shares outstanding43,192 42,481 42,987 42,207 
Effect of dilution:
Stock options— — — 6 
Restricted stock units487 901 710 1,064 
Diluted weighted average common shares outstanding43,679 43,382 43,697 43,277 
As of June 30, 2022 and June 30, 2021, 0.8 million and 0.3 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 previously 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 and six months ended June 30, 2022 and 2021, the Company did not repurchase any shares of its Class A Common Stock. As of June 30, 2022, the Company had $135.3 million of authorization remaining for repurchase under the Stock Repurchase Program.