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Equity and Earnings Per Share | 12 Months Ended
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Dec. 31, 2023
Earnings Per Share [Abstract] |
Equity and Earnings Per Share | EQUITY AND EARNINGS PER SHARE Equity Offering On March 9, 2021, we closed on an underwritten public offering of 2,500 shares of our Class A common stock at a public offering price of $44.00 per share. Net proceeds from the offering were $104,326, after deducting offering costs of $5,674. On March 15, 2021, we closed on the underwriters’ option to purchase 375 additional shares of Class A common stock from us, resulting in net proceeds of $15,758 after deducting offering costs of $742. We used $80,000 of the net proceeds to repay in full the outstanding U.S. dollar balance under our senior secured revolving credit facility and used the remaining proceeds for general corporate purposes. In the offering, selling shareholders sold 805 shares of our Class A Common Stock at a public offering price of $44.00 per share, less the underwriting discount. We did not receive any proceeds from the sale of the shares by the selling stockholders. Common and Preferred Stock The rights of the holders of our Class A common stock and Class B common stock are identical, except with respect to voting and conversion. Each share of our Class A common stock is entitled to one vote per share and is not convertible into any other shares of our capital stock. Each share of our Class B common stock is entitled to five votes per share, is convertible at any time into one share of Class A common stock at the option of the holder of such share and will automatically convert into one share of Class A common stock upon the occurrence of certain specified events, including a transfer of such shares (other than to such holder’s family members, descendants or certain affiliated persons or entities). Our Board of Directors is authorized to fix the rights and terms for any series of preferred stock without additional shareholder approval. Earnings Per Share The following is a reconciliation of the numerator and denominator for the computation of basic and diluted earnings per share:
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Numerator: |  |  |  |  |
Net income attributable to common shareholders | $ | 62,470 |  |  | $ | 94,926 |  |  | $ | 70,458 |
Adjustment for accretion of tax equity financing fees | (108) |  |  | (116) |  |  | (116) |
Income attributable to common shareholders | $ | 62,362 |  |  | $ | 94,810 |  |  | $ | 70,342 |
Denominator: |  |  |  |  |
Basic weighted-average shares outstanding | 52,140 |  |  | 51,841 |  |  | 50,855 |
Effect of dilutive securities: |  |  |  |  |
Stock options | 1,087 |  |  | 1,437 |  |  | 1,413 |
Diluted weighted-average shares outstanding | 53,228 |  |  | 53,278 |  |  | 52,268 |
Net income per share attributable to common shareholders: |  |  |  |  |
Basic | $ | 1.20 |  |  | $ | 1.83 |  |  | $ | 1.38 |
Diluted | $ | 1.17 |  |  | $ | 1.78 |  |  | $ | 1.35 |
Potentially dilutive shares (1) | 1,707 |  |  | 1,108 |  |  | 1,443 |
(1) Potentially dilutive shares attributable to stock options were excluded from the computation of diluted earnings per share as the effect would have been anti-dilutive.

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