Earnings Per Share

9 Months Ended

Sep. 30, 2021

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

The components of basic and diluted earnings per share (“EPS”) were as follows for the three and nine months ended September 30 (in thousands, except per share amounts):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
			(As Restated)				(As Restated)
Net income	$	10,807	$	6,835	$	24,753	$	8,110
Less: Net income applicable to contingently issuable shares	—		—		—		798
Net income on which diluted earnings per share is calculated	$	10,807	$	6,835	$	24,753	$	7,312
Basic weighted average outstanding shares of common stock	94,004		82,785		93,607		79,708
Dilutive effect of stock-based awards for common stock	724		775		862		870
Diluted weighted average outstanding shares of common stock	94,728		83,560		94,469		80,578
Earnings per share:
Basic	$	0.11	$	0.08	$	0.26	$	0.10
Diluted	$	0.11	$	0.08	$	0.26	$	0.09

Anti-dilutive stock-based awards, contingent earnout shares and Warrants excluded from the calculations of diluted EPS were 5,007,024 and 5,532,553 as of September 30, 2021 and 2020, respectively.