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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 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:

 

 

 

Year Ended December 31,

 

 

 

2019

 

 

2018

 

 

2017

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

42,146

 

 

$

65,170

 

 

$

13,199

 

Net income attributable to participating securities

 

 

 

 

 

 

 

 

(6,098

)

Net income attributable to common

   stockholders — basic

 

$

42,146

 

 

$

65,170

 

 

$

7,101

 

Net income

 

$

42,146

 

 

$

65,170

 

 

$

13,199

 

Net income attributable to participating securities

 

 

 

 

 

 

 

 

(5,829

)

Net income attributable to common

   stockholders — diluted

 

$

42,146

 

 

$

65,170

 

 

$

7,370

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted–average number of shares of common stock

   used in computing net income per share attributable to

   common stockholders — basic

 

 

111,450,443

 

 

 

108,833,028

 

 

 

55,835,265

 

Dilutive effect of share equivalents resulting from

   stock options

 

 

1,155,906

 

 

 

3,009,748

 

 

 

4,290,362

 

Dilutive effect of share equivalents resulting from

   unvested restricted stock units

 

 

825,501

 

 

 

1,521,936

 

 

 

511,957

 

Weighted–average number of shares of common

   stock used in computing net income per share —

   diluted

 

 

113,431,850

 

 

 

113,364,712

 

 

 

60,637,584

 

Net income per share attributable to common

   stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.38

 

 

$

0.60

 

 

$

0.13

 

Diluted

 

$

0.37

 

 

$

0.57

 

 

$

0.12

 

 

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 years ended December 31, 2019, 2018, and 2017, as their effect would have been anti‑dilutive for the periods presented:

 

 

 

Year Ended December 31,

 

 

 

2019

 

 

2018

 

 

2017

 

Restricted stock units outstanding

 

 

1,144,287

 

 

 

126,816

 

 

 

829