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Net Income (Loss) Per Share (Tables) | 6 Months Ended
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Jun. 30, 2021
Earnings Per Share [Abstract] |
Net loss per share, basis and diluted | The Company permits certain option holders to exercise awarded options prior to vesting (see Note 5). Upon this early exercise, these options become subject to a restricted stock agreement and remain subject to the same vesting provisions in the corresponding stock option award. These early exercised options are considered to be "participating securities" due to non-forfeitable right to dividends (i.e., even prior to vesting). For the three and six months ended June 30, 2021, the "two-class method" was utilized to calculate diluted net income per share as it was more dilutive than the "treasury stock method". Due to a net loss for the three months ended March 31, 2020, all otherwise potentially dilutive securities are antidilutive. Accordingly, basic net loss per share equals diluted net loss per share for the three and six months ended June 30, 2020. The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Basic EPS |  |  |  |  |  |  |
Net income (loss) | $ | 6,345 |  |  | $ | (3,250) |  |  | $ | 16,721 |  |  | $ | (5,207) |
Less: undistributed income allocated to participating securities | 46 |  |  | — |  |  | 133 |  |  | — |
Net income available to common shareholders | $ | 6,299 |  |  | $ | (3,250) |  |  | $ | 16,588 |  |  | $ | (5,207) |
Basic weighted average shares outstanding | 20,555,258 |  |  | 2,651,321 |  |  | 20,446,246 |  |  | 2,650,843 |
Net income (loss) per share attributable to common stockholders—basic | $ | 0.31 |  |  | $ | (1.23) |  |  | $ | 0.81 |  |  | $ | (1.96) |
Diluted EPS |  |  |  |  |  |  |
Net income (loss) | $ | 6,345 |  |  | $ | (3,250) |  |  | $ | 16,721 |  |  | $ | (5,207) |
Less: undistributed income reallocated to participating securities | 43 |  |  | — |  |  | 124 |  |  | — |
Net income available to common shareholders | $ | 6,302 |  |  | $ | (3,250) |  |  | $ | 16,597 |  |  | $ | (5,207) |
Basic weighted average shares outstanding | 20,555,258 |  |  | 2,651,321 |  |  | 20,446,246 |  |  | 2,650,843 |
Effect of dilutive securities: |  |  |  |  |  |  |
Common stock options | 1,411,341 |  |  | — |  |  | 1,449,058 |  |  | — |
Diluted weighted average shares outstanding | 21,966,599 |  |  | 2,651,321 |  |  | 21,895,304 |  |  | 2,650,843 |
Net income (loss) per share attributable to common stockholders—diluted | $ | 0.29 |  |  | $ | (1.23) |  |  | $ | 0.76 |  |  | $ | (1.96) |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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