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Net Income Per Share | 6 Months Ended
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Jun. 30, 2024
Earnings Per Share [Abstract] |
Net Income Per Share | NOTE 9 – NET INCOME PER SHARE The following table sets forth the computation of net income per share (in thousands, except per share amounts):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 8,382 |  |  | $ | 1,419 |  |  | $ | 9,281 |  |  | $ | 30,440 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares of common stock outstanding |  |  | 108,667 |  |  |  | 106,464 |  |  |  | 108,216 |  |  |  | 106,027 |
Add: Effect of dilutive securities associated with options |  |  | — |  |  |  | — |  |  |  | 2 |  |  |  | — |
Add: Effect of dilutive securities associated with restricted stock awards and units |  |  | 3,860 |  |  |  | 6,311 |  |  |  | 4,532 |  |  |  | 7,078 |
Add: Effect of dilutive securities associated with employee stock purchase program |  |  | 9 |  |  |  | — |  |  |  | 7 |  |  |  | — |
Weighted average common shares - dilutive |  |  | 112,536 |  |  |  | 112,775 |  |  |  | 112,757 |  |  |  | 113,105 |
Basic net income per share |  | $ | 0.08 |  |  | $ | 0.01 |  |  | $ | 0.09 |  |  | $ | 0.29 |
Diluted net income per share |  | $ | 0.07 |  |  | $ | 0.01 |  |  | $ | 0.08 |  |  | $ | 0.27 |
Anti-dilutive employee stock-based awards, excluded |  |  | 1,306 |  |  |  | 1,816 |  |  |  | 788 |  |  |  | 613 |
Basic net income per share is computed using the weighted average number of shares of common stock outstanding during the period, excluding any unvested restricted stock units that are subject to repurchase. Diluted net income per share is computed using the treasury stock method to calculate the weighted average number of shares of common stock and, if dilutive, potential common shares outstanding during the period. Potentially dilutive common shares include unvested restricted stock units and incremental common shares issuable upon the exercise of stock options, less shares repurchased from assumed proceeds. The assumed proceeds calculation includes actual proceeds to be received from the employee upon exercise and the average unrecognized stock compensation cost during the period.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
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