Earnings Per Share

3 Months Ended

Mar. 31, 2022

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 months ended March 31 (in thousands, except per share amounts):

	Three Months Ended March 31,
	2022		2021
Net income	$	15,788	$	1,501
Less: Net income applicable to contingently issuable shares	—		—
Net income on which diluted earnings per share is calculated	$	15,788	$	1,501
Basic weighted average outstanding shares of common stock	92,993		93,471
Dilutive effect of stock-based awards for common stock	748		809
Diluted weighted average outstanding shares of common stock	93,741		94,280
Earnings per share:
Basic	$	0.17	$	0.02
Diluted	$	0.17	$	0.02

Anti-dilutive stock-based awards, contingent earnout shares and warrants excluded from the calculations of diluted EPS were 4,729,800 and 5,359,661 as of March 31, 2022 and 2021, respectively.