Net Income Per Share (Tables)

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The computation of net income per share is as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
(in thousands, except share and per share amounts)
Basic earnings per share:
Net income	$	13,827	$	49,126	$	37,331	$	98,544
Shares used in computation:
Weighted-average common shares outstanding, basic	214,852,256		208,205,162		213,634,584		207,760,027
Earnings per share, basic	$	0.06	$	0.24	$	0.17	$	0.47
Diluted earnings per share:
Net income	$	13,827	$	49,126	$	37,331	$	98,544
Shares used in computation:
Weighted-average common shares outstanding, basic	214,852,256		208,205,162		213,634,584		207,760,027
Weighted-average effect of potentially dilutive securities:
Unvested common stock subject to forfeiture	5,439,764		12,593,087		6,841,217		7,005,901
Employee stock options	2,042		891,015		81,850		484,067
Restricted stock units	497,578		1,058,685		642,312		1,047,840
Underwriters’ option to purchase additional shares	—		199,081		—		105,592
Diluted weighted-average common shares outstanding	220,791,640		222,947,030		221,199,963		216,403,427
Diluted net income per share	$	0.06	$	0.22	$	0.17	$	0.46

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,
	2022	2021	2022	2021
Employee stock options	3,245,818	109,402	3,245,818	290,621
Restricted stock units	6,174,330	107,250	3,371,942	—
Unvested common stock subject to forfeiture	1,062,247	—	511,094	—