Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table sets forth the computation of basic and diluted EPS and a reconciliation of the weighted average number of common and common equivalent shares outstanding for the three months ended March 31, 2022 and 2021 (in thousands, except share and per share amounts):

	Three months ended March 31,
	2022		2021
Numerator:
Net income	$	8,899	$	11,440
Denominator:
Weighted-average shares—basic		164,406,142		154,501,660
Effect of dilutive stock options		26,559,931		13,510,704
Effect of dilutive restricted stock		2,413,202		—
Weighted-average shares—diluted		193,379,275		168,012,364
Earnings per share:
Basic earnings per share	$	0.05	$	0.07
Effect of dilutive stock options and restricted stock		—		—
Diluted earnings per share	$	0.05	$	0.07

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The Company excluded the following weighted average common equivalent shares from the computation of diluted earnings per share for the three months ended March 31, 2022 and the three months ended March 31, 2021 because including them would have had an anti-dilutive effect:

	Three months ended March 31,
	2022		2021
Stock options to purchase common stock		3,161,837		27,208,611
Restricted stock units		1,021,834		5,410,440