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Earnings Per Share (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2020
Dec. 31, 2019
Earnings Per Share [Abstract]    
Schedule of Earnings Per Share, Basic and Diluted

The details of basic and diluted EPS are as follows (in thousands, except per share amounts):

 

 

 

 

 

 

 

 

 

Nine Months Ended

 

 

September 30,

 

    

2019

    

2020

Numerator:

 

 

  

 

 

  

Net income

 

$

66,845

 

$

74,589

Less: Net income attributable to participating securities

 

 

(10)

 

 

(4)

Net income attributable to Class A and Class B common stockholders

 

$

66,835

 

$

74,585

Denominator:

 

 

  

 

 

  

Denominator for basic net income per share—weighted average shares

 

 

286,024,263

 

 

287,063,892

Effect of dilutive securities

 

 

8,562,091

 

 

10,187,457

Denominator for dilutive net income per share

 

 

294,586,354

 

 

297,251,349

Net income per share, basic

 

$

0.23

 

$

0.26

Net income per share, diluted

 

$

0.23

 

$

0.25

 

 

 

 

 

 

 

 

 

    

Year Ended December 31, 

 

 

2018

 

2019

Numerator:

 

 

  

 

 

  

Net income

 

$

142,112

 

$

103,096

Less: Net income attributable to participating securities

 

 

(4)

 

 

(8)

Net income attributable to Class A and Class B common stockholders

 

$

142,108

 

$

103,088

Denominator:

 

 

  

 

 

  

Denominator for basic net income per share – weighted  average shares

 

 

285,805,096

 

 

284,625,642

Effect of dilutive securities:

 

 

  

 

 

  

Stock options

 

 

6,819,400

 

 

9,171,065

Denominator for dilutive net income per share

 

 

292,624,496

 

 

293,796,707

Net income per share, basic

 

$

0.50

 

$

0.36

Net income per share, diluted

 

$

0.49

 

$

0.35