Summary of Computation of Basic and Diluted Net Income per Share |
The following table sets forth the computation of basic and diluted net income per share: | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | 2022 | | 2021 | | 2022 | | 2021 | Numerator | | | | | | | | | | | | | Net income | | $ | 23,531 | | $ | 14,117 | | $ | 45,016 | | $ | 21,503 | Denominator | | | | | | | | | | | | | Net income per common share - basic | | $ | 0.40 | | $ | 0.25 | | $ | 0.76 | | $ | 0.38 | Net income per common share - diluted | | $ | 0.39 | | $ | 0.24 | | $ | 0.74 | | $ | 0.37 | Weighted average number of shares of common stock - basic | | | 59,063,358 | | | 56,940,840 | | | 58,986,370 | | | 56,916,282 | Weighted average number of shares of common stock - diluted | | | 60,922,672 | | | 58,592,876 | | | 60,759,026 | | | 58,635,195 |
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Summary of Antidilutive Securities Excluded from Computation of Earnings Per Share |
Securities outstanding that are included in the computation above, utilizing the treasury stock method are as follows: | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | 2022 | | 2021 | | 2022 | | 2021 | Stock options, SARs, and RSUs to purchase common stock | | | 1,859,314 | | | 1,461,958 | | | 1,772,656 | | | 1,511,899 | Warrants | | | — | | | 190,078 | | | — | | | 207,013 | Total | | | 1,859,314 | | | 1,652,036 | | | 1,772,656 | | | 1,718,912 |
Potential common shares issuable that were excluded from the computation of diluted weighted-average shares outstanding, as well as the warrant fair value adjustments excluded from the numerator, are as follows: | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | | 2022 | | 2021 | | 2022 | | 2021 | | Stock options, SARs, and RSUs to purchase common stock | | | 5,058,223 | | | 4,731,119 | | | 5,144,881 | | | 4,681,177 | | Warrants | | | — | | | 220,161 | | | — | | | 203,226 | | Total | | | 5,058,223 | | | 4,951,280 | | | 5,144,881 | | | 4,884,403 | | | | | | | | | | | | | | | |
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