Net Income per Share

6 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

Net Income per Share

Net Income per Share

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

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands, except share and per share amounts)	2022		2023		2022		2023
Numerator:
Net income attributable to stockholders	$	11,571	$	323	$	17,807	$	914
Less: Undistributed amounts allocated to participating securities	—		—		—		—
Undistributed income allocated to stockholders	$	11,571	$	323	$	17,807	$	914
Denominator:
Weighted average number of shares outstanding, basic	94,024,970		92,723,901		93,996,553		92,800,279
Weighted average additional shares assuming conversion of potential common shares	5,319,593		1,774,765		5,269,115		2,123,801
Weighted average common shares outstanding - diluted	99,344,563		94,498,666		99,265,668		94,924,080
Net income per share attributable to stockholders, basic	$	0.12	$	0.00	$	0.19	$	0.01
Net income per share attributable to stockholders, diluted	$	0.12	$	0.00	$	0.18	$	0.01

The following table summarizes the weighted average potentially dilutive securities that were excluded from the computation of diluted net income per share because their effect would have been anti-dilutive for the periods presented:

	Three Months Ended June 30,		Six Months Ended June 30,
	2022	2023	2022	2023
Stock options	8,827,083	5,258,244	8,827,083	4,948,521
Restricted stock	2,719,936	4,376,479	2,719,936	3,879,743
Restricted stock units	42,704	47,703	42,704	48,707