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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 The Company has Class A common stock and Class B common stock outstanding. Because the only difference between the two classes of common stock are related to voting, transfer and conversion rights, the Company has not presented earnings per share under the two-class method, as earnings per share are the same for both Class A common stock and Class B common stock. The following table summarizes the computation of basic and diluted earnings per share for the three months ended March 31, 2023 and 2022:
| Three months ended March 31, |  |
(in thousands, except share and per share data) | 2023 |  | 2022 |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income available to common shareholders | $ | 9,509 |  |  | $ | 11,586 |  |  |  |  |
Denominator: |  |  |  |  |  |  |
Weighted-average common shares outstanding – basic | 97,561,650 |  |  | 97,481,412 |  |  |  |  |
Effect of dilutive securities | 3,390,923 |  |  | 6,640,614 |  |  |  |  |
Weighted-average common shares outstanding – diluted | 100,952,573 |  |  | 104,122,026 |  |  |  |  |
Net income per common share: |  |  |  |  |  |  |
Basic | $ | 0.10 |  |  | $ | 0.12 |  |  |  |  |
Diluted | $ | 0.09 |  |  | $ | 0.11 |  |  |  |  |
The Company excluded 3,778,307 and 1,152,816 potential common stock equivalents from the computation of diluted EPS for the three months ended March 31, 2023 and 2022, respectively, because the effect would have been anti-dilutive. There were 4,819,894 and 5,292,857 potential common stock equivalents outstanding as of March 31, 2023 and 2022, respectively, with market conditions which were not met at that date, that were excluded from the calculation of diluted EPS.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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