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Net Income per Share Attributable to Common Stock | 3 Months Ended
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Mar. 31, 2024
Earnings Per Share [Abstract] |
Net Income per Share Attributable to Common Stock | 11. Net Income per Share Attributable to Common Stock Basic net income per share attributable to common stock is computed by dividing net income for the period by the weighted average number of common shares outstanding during the period. Diluted net income per share attributable to common stock is computed by giving effect to all potentially dilutive common stock equivalents to the extent they are dilutive. The dilutive effect of outstanding options, RSUs and warrants is reflected in diluted net income per share attributable to common stock by application of the treasury stock method. The calculation of diluted net income per share attributable to common stock excludes all anti-dilutive common shares. The rights of the holders of Class A and Class B common stock are identical, except with respect to voting and conversion. As the liquidation and dividend rights are identical, the undistributed earnings are allocated on a proportionate basis to each class of common stock and the resulting basic and diluted net income per share attributable to common stockholders are, therefore, the same for both Class A and Class B common stock on both an individual and combined basis. The following table sets forth the computation of basic and diluted net income per share attributable to common stock (in thousands except share and per share data):
|  | Three Months Ended March 31, |
|  | 2024 |  |  | 2023 |
Numerator: |  |  |  |  |  |
Net income |  | $ | 7,226 |  |  | $ | 704 |
Denominator: |  |  |  |  |  |
Weighted-average shares of common stock — basic |  |  | 123,945,778 |  |  |  | 123,289,584 |
Dilutive effect of stock options to purchase common stock |  |  | 2,141,741 |  |  |  | 486,286 |
Dilutive effect of RSUs |  |  | 754,844 |  |  |  | 16,871 |
Dilutive effect of warrants |  |  | 75,291 |  |  |  | — |
Weighted-average shares of common stock — diluted |  |  | 126,917,654 |  |  |  | 123,792,741 |
Net income per share |  |  |  |  |  |
Basic |  | $ | 0.06 |  |  | $ | 0.01 |
Diluted |  | $ | 0.06 |  |  | $ | 0.01 |
The following table summarizes the weighted average securities that were excluded from the computation of diluted net income per share attributable to common stock as their inclusion would have been antidilutive:
|  | Three Months Ended March 31, |
|  | 2024 |  |  | 2023 |
Stock options to purchase common stock |  |  | — |  |  |  | 3,594,345 |
RSUs |  |  | 457,373 |  |  |  | 1,319,253 |
Warrants |  |  | 448,881 |  |  |  | 588,173 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-3 + Details
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