XML 32 R21.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Net Income Per Share
3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
Net Income Per Share Net Income Per Share
The computation of net income per share is as follows:
Three Months Ended March 31,
20242023
(in thousands, except share and per share amounts)
Basic earnings per share:
Net income$19,647 $9,099 
Shares used in computation:
Weighted-average common shares outstanding, basic215,549,467 215,587,699 
Earnings per share, basic$0.09 $0.04 
Diluted earnings per share:
Net income$19,647 $9,099 
Shares used in computation:
Weighted-average common shares outstanding, basic215,549,467 215,587,699 
Weighted-average effect of potentially dilutive securities:
Unvested common stock subject to forfeiture794,502 2,813,251 
Employee stock options— 18,851 
Restricted stock units521,083 329,454 
Diluted weighted-average common shares outstanding216,865,052 218,749,255 
Diluted net income per share$0.09 $0.04 
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 March 31,
20242023
Employee stock options3,248,445 3,109,412 
Restricted stock units7,396,613 8,940,648 
Unvested common stock subject to forfeiture246,083 657,228 
As of March 31, 2024, 6,542,885 PRSUs were not assessed for inclusion in diluted earnings per share, and any potential antidilutive shares were excluded from the table above because they are subject to performance conditions that were not achieved as of such date.