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Net Income (Loss) Per Share (Tables)
12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Schedule of Components of Basic and Diluted Net Income (Loss) Per Share

The components of basic and diluted net income (loss) per share are as follows:

 

 

 

For the Year Ended December 31,

 

(In thousands, except per share data)

 

2021

 

 

2020

 

 

2019

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

41,449

 

 

$

(4,578

)

 

$

17,076

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average shares - basic

 

 

159,983

 

 

 

161,632

 

 

 

157,890

 

Common stock equivalents

 

 

3,795

 

 

 

 

 

 

2,190

 

Weighted average shares - diluted

 

 

163,778

 

 

 

161,632

 

 

 

160,080

 

Net income (loss) per share - basic

 

$

0.26

 

 

$

(0.03

)

 

$

0.11

 

Net income (loss) per share - diluted

 

$

0.25

 

 

$

(0.03

)

 

$

0.11

 

Antidilutive shares excluded from diluted net income (loss) per share:

 

 

 

 

 

 

 

 

 

Contingently issuable shares (1)

 

 

5,000

 

 

 

5,000

 

 

 

7,500

 

Public warrants

 

 

 

 

 

13,333

 

 

 

 

Private placement warrants

 

 

6,667

 

 

 

6,667

 

 

 

6,667

 

Non-qualified stock options

 

 

1,018

 

 

 

614

 

 

 

 

Performance share units

 

 

130

 

 

 

106

 

 

 

 

Restricted stock units

 

 

432

 

 

 

2,203

 

 

 

3,004

 

Total antidilutive shares excluded

 

 

13,247

 

 

 

27,923

 

 

 

17,171

 

(1) Contingently issuable shares relate to the earn-out agreement as discussed in Note 16, Related Party Transactions.