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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2021
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,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated net income

 

$

29,267

 

 

$

32,563

 

 

$

76,214

 

 

$

52,390

 

Less: Net income (loss) attributable to
   redeemable noncontrolling interest

 

 

68

 

 

 

 

 

 

(3,398

)

 

 

 

Net income attributable to common
   stockholders — basic

 

$

29,199

 

 

$

32,563

 

 

$

79,612

 

 

$

52,390

 

Add: Net income (loss) attributable to
   redeemable noncontrolling interest

 

 

68

 

 

 

 

 

 

(588

)

 

 

 

Net income attributable to common
   stockholders — diluted

 

$

29,267

 

 

$

32,563

 

 

$

79,024

 

 

$

52,390

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average number of shares of
   common stock used in computing net
   income per share attributable to
   common stockholders — basic

 

 

117,412,164

 

 

 

113,027,995

 

 

 

116,955,188

 

 

 

112,707,003

 

Dilutive effect of share equivalents
   resulting from stock options

 

 

418,054

 

 

 

632,581

 

 

 

460,553

 

 

 

701,176

 

Dilutive effect of share equivalents
   resulting from unvested restricted
   stock units

 

 

491,175

 

 

 

306,287

 

 

 

403,967

 

 

 

324,437

 

Dilutive effect of share equivalents
   resulting from CarOffer incentive
   units and noncontrolling interest

 

 

2,116,980

 

 

 

 

 

 

1,231,520

 

 

 

 

Weighted-average number of shares
   of common stock used in computing
   net income per share attributable to
   common stockholders — diluted

 

 

120,438,373

 

 

 

113,966,863

 

 

 

119,051,228

 

 

 

113,732,616

 

Net income per share attributable to
   common stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.25

 

 

$

0.29

 

 

$

0.68

 

 

$

0.46

 

Diluted

 

$

0.24

 

 

$

0.29

 

 

$

0.66

 

 

$

0.46

 

 

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, 2021 and 2020, as their effect would have been anti-dilutive for the periods presented:

 

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Stock options outstanding

 

 

588,490

 

 

 

 

 

 

501,306

 

 

 

 

Restricted stock units outstanding

 

 

2,181,061

 

 

 

2,577,713

 

 

 

2,507,873

 

 

 

2,893,491