Net Income Per Share (Tables)

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

Schedule of computation of basic and diluted earnings per share of common stock

The computation of net income per share is as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
(in thousands, except share and per share amounts)
Basic earnings per share:
Net income	$	49,126	$	34,879	$	98,544	$	47,919
Shares used in computation:
Weighted-average common shares outstanding, basic	208,205,162		208,116,104		207,760,027		208,116,104
Earnings per share, basic	$	0.24	$	0.17	$	0.47	$	0.23
Diluted earnings per share:
Net income	$	49,126	$	34,879	$	98,544	$	47,919
Shares used in computation:
Weighted-average common shares outstanding, basic	208,205,162		208,116,104		207,760,027		208,116,104
Weighted-average effect of potentially dilutive securities:
Unvested common stock subject to forfeiture	12,593,087		—		7,005,901		—
Employee stock options	891,015		—		484,067		—
Restricted stock units and awards	1,058,685		—		1,047,840		—
Underwriters’ option to purchase additional shares	199,081		—		105,592		—
Diluted weighted-average common shares outstanding	222,947,030		208,116,104		216,403,427		208,116,104
Diluted net income per share	$	0.22	$	0.17	$	0.46	$	0.23

Schedule of antidilutive securities excluded from computation of earnings per share

The following potentially dilutive shares were excluded from the computation of diluted earnings per share for the periods presented because including them would have had an anti-dilutive effect:

	Three Months Ended June 30,		Six Months Ended June 30,
	2021	2020	2021	2020
Employee stock options	109,402	—	290,621	—
Restricted stock units	107,250	—	—	—