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Earnings Per Share | 3 Months Ended
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Mar. 31, 2023
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share Basic and Diluted Earnings Per Share The components of basic and diluted earnings per share are as follows (in thousands, except share and per share amounts):
| Three Months Ended March 31, |  |
Numerator: | 2023 |  | 2022 |  |  |  |
Net income | $ | 14,207 |  |  | $ | 8,903 |  |  |  |  |
Net loss attributable to redeemable noncontrolling interests | 209 |  |  | 176 |  |  |  |  |
Net income attributable to common stockholders - basic (A) | 14,416 |  |  | 9,079 |  |  |  |  |
Add back interest expense, net of tax, attributable to convertible senior notes | 590 |  |  | 586 |  |  |  |  |
Net income attributable to common stockholders - diluted (B) | $ | 15,006 |  |  | $ | 9,665 |  |  |  |  |
Denominator: |  |  |  |  |  |  |
Weighted average common shares outstanding — basic (C) | 49,584,890 |  |  | 50,206,179 |  |  |  |  |
Dilutive effect of convertible senior notes, stock options and restricted stock units | 4,711,431 |  |  | 4,964,602 |  |  |  |  |
Weighted average common shares outstanding — diluted (D) | 54,296,321 |  |  | 55,170,781 |  |  |  |  |
Net income per share: |  |  |  |  |  |  |
Basic (A/C) | $ | 0.29 |  |  | $ | 0.18 |  |  |  |  |
Diluted (B/D) | $ | 0.28 |  |  | $ | 0.18 |  |  |  |  |
The following securities have been excluded from the calculation of diluted weighted average common shares outstanding as the inclusion of these securities would have an anti-dilutive effect:
| Three Months Ended March 31, |  |
| 2023 |  | 2022 |  |  |  |
Stock options | 431,052 |  |  | 172,500 |  |  |  |  |
Restricted stock units | 355,047 |  |  | 320,352 |  |  |  |  |
Our redeemable noncontrolling interests are related to our 85% equity ownership interests in PC Open Incorporated, doing business as OpenEye, and Noonlight. See Note 6 for details on the put option and call option contained in the Noonlight stockholder agreement. We use the if-converted method when calculating the dilutive impact of the 2026 Notes on net income per share. As a result, we included 3,396,950 shares related to the 2026 Notes within the weighted average shares outstanding when calculating the diluted net income per share for each of the three months ended March 31, 2023 and 2022. Additionally, we included $0.6 million of debt issuance cost amortization, net of tax, within the numerator of the diluted net income per share for each of the three months ended March 31, 2023 and 2022

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