Net Income Per Share (Tables)

3 Months Ended

Mar. 31, 2024

Net Income 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,
	2024				2023
	Class A		Class B		Class A		Class B
	(in thousands, except per share data)
Basic net income per share:
Numerator:
Allocation of net income	$	5,039	$	917	$	4,387	$	817
Denominator:
Weighted-average shares outstanding		27,811		5,577		27,193		5,577
Basic net income per share	$	0.18	$	0.16	$	0.16	$	0.15
Diluted net income per share:
Numerator:
Allocation of net income	$	5,039	$	917	$	4,387	$	817
Denominator:
Number of shares used in basic computation		27,811		5,577		27,193		5,577
Weighted-average shares effect of dilutive securities:
Director and employee stock options		35		—		173		—
Number of shares used in diluted  computation		27,846		5,577		27,366		5,577
Diluted net income per share	$	0.18	$	0.16	$	0.16	$	0.15

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 net income 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,
	2024		2023
Number of options to purchase Class A shares excluded		1,693,904		2,307,435