Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

Reconciliation of Numerators and Denominators Used in Basic and Diluted Per Share Computations

The table below presents for the periods indicated a reconciliation of the numerators and denominators we used to compute basic and diluted net income per share for our Class A common stock and our Class B common stock:

	Three Months Ended March 31,
	2023				2022
	Class A		Class B		Class A		Class B
	(in thousands, except per share data)
Basic earnings per share:
Numerator:
Allocation of net income	$	4,387	$	817	$	10,986	$	2,159
Denominator:
Weighted-average shares outstanding		27,193		5,577		25,787		5,577
Basic earnings per share	$	0.16	$	0.15	$	0.43	$	0.39
Diluted earnings per share:
Numerator:
Allocation of net income	$	4,387	$	817	$	10,986	$	2,159
Denominator:
Number of shares used in basic computation		27,193		5,577		25,787		5,577
Weighted-average shares effect of dilutive securities:
Director and employee stock options		173		—		22		—
Number of shares used in diluted computation		27,366		5,577		25,809		5,577
Diluted earnings per share	$	0.16	$	0.15	$	0.43	$	0.39

Antidilutive Securities Excluded From Computation of Earnings Per Share

We did not include outstanding options to purchase the following number of shares of Class A common stock in our computation of diluted earnings per share because the exercise price of the options exceeded the average market price of our Class A common stock during the applicable periods.

	Three Months Ended March 31,
	2023		2022
Number of options to purchase Class A shares excluded		2,307,435		5,434,934