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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Schedule of Reconciliation of Numerator and Denominator Used in Calculation of Basic and Diluted Net Income Per Share

The following table presents a reconciliation of the numerator and denominator used in the calculation of basic and diluted net income per share:

 

 

Three Months Ended

September 30,

 

 

Nine Months Ended

September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

10,384

 

 

$

13,882

 

 

$

28,975

 

 

$

52,720

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average number of shares of common stock used in

   computing net income per share attributable to common

   stockholders — basic

 

 

111,662,949

 

 

 

109,628,692

 

 

 

111,257,271

 

 

 

108,367,270

 

Dilutive effect of share equivalents resulting from stock options

 

 

1,052,758

 

 

 

2,259,533

 

 

 

1,232,754

 

 

 

3,396,906

 

Dilutive effect of share equivalents resulting from unvested

   restricted stock units

 

 

649,068

 

 

 

1,713,190

 

 

 

899,670

 

 

 

1,586,974

 

Weighted-average number of shares of common stock used in

   computing net income per share — diluted

 

 

113,364,775

 

 

 

113,601,415

 

 

 

113,389,695

 

 

 

113,351,150

 

Net income per share attributable to common stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.09

 

 

$

0.13

 

 

$

0.26

 

 

$

0.49

 

Diluted

 

$

0.09

 

 

$

0.12

 

 

$

0.26

 

 

$

0.47

 

 

Schedule of Potentially Dilutive Common Stock Equivalents Excluded from Calculation of Diluted Weighted-average Shares Outstanding

The following potentially dilutive common stock equivalents have been excluded from the calculation of diluted weighted-average shares outstanding for the three and nine months ended September 30, 2019 and 2018, as their effect would have been anti-dilutive for the period presented:

 

 

Three Months Ended

September 30,

 

Nine Months Ended

September 30,

 

 

2019

 

 

2018

 

2019

 

 

2018

Restricted stock units outstanding

 

 

1,421,473

 

 

90,460

 

 

1,191,286

 

 

83,787