EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2023

The Company computes earnings per share in accordance with ASC Topic 260, Earnings per Share. Basic earnings per share of Common Stock is computed by dividing net income attributable to common stockholders by the weighted average number of shares of basic Common Stock outstanding. Diluted earnings per share of Common Stock is calculated by adjusting the basic earnings per share of Common Stock for the effects of potential dilutive Common Stock shares outstanding such as stock options, restricted stock units and warrants.

For the three months ended March 31, 2023 and 2022, basic and diluted net earnings per share of Common Stock were computed by dividing the net income attributable to common stockholders by the weighted average number of common shares outstanding during the respective periods. The following tables set forth the computation of basic and diluted net income attributable to common stockholders (in thousands, except per share amounts):


	Three Months Ended March 31,
	2023		2022
Income attributable to common stockholders:
Net income	$	5,639	$	3,087

	Three Months Ended March 31,
	2023		2022
Weighted average number of shares of Common Stock outstanding:
Basic	88,690		87,124
Warrants	—		—
Stock options	49		512
RSUs	322		849
Diluted	89,061		88,485
Net income per share attributable to common stockholders:
Basic	$	0.06	$	0.04
Diluted	$	0.06	$	0.03

The following potential Common Stock equivalents were excluded from the computation of diluted net income per share for the three months ended March 31, 2023 and 2022, since the impact of inclusion was anti-dilutive (in thousands):


	Three Months Ended March 31,
	2023	2022
RSUs	800	1,197
Stock options	6,968	4,329
Warrants	3,440	18,128
Total	11,208	23,654