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Stockholders' Equity
9 Months Ended
Sep. 30, 2021
Equity [Abstract]  
Stockholders' Equity

Note 7. Stockholders’ Equity

Changes in stockholders’ equity for the three and nine months ended September 30, 2021 and 2020 were as follows:

 

 

 

Three Months Ended September 30, 2021

 

 

 

Common Stock

 

 

Additional
Paid-in

 

 



Retained

 

 

Total
Stockholders'

 

 

 

Number

 

 

Amount

 

 

Capital

 

 

Earnings

 

 

Equity

 

 

 

(in thousands, except share data)

 

Beginning balance

 

 

72,738,344

 

 

$

73

 

 

$

96,583

 

 

$

167,792

 

 

$

264,448

 

Issuance of Class A common stock from exercise of
   stock options and vesting of restricted stock units

 

 

119,165

 

 

 

 

 

 

1,231

 

 

 

 

 

 

1,231

 

Equity-based
   compensation

 

 

 

 

 

 

 

 

1,336

 

 

 

 

 

 

1,336

 

Cumulative translation
   adjustment

 

 

 

 

 

 

 

 

 

 

 

(548

)

 

 

(548

)

Net income

 

 

 

 

 

 

 

 

 

 

 

16,668

 

 

 

16,668

 

Ending balance

 

 

72,857,509

 

 

$

73

 

 

$

99,150

 

 

$

183,912

 

 

$

283,135

 

 

 

 

 

Three Months Ended September 30, 2020

 

 

 

Common Stock

 

 

Additional
Paid-in

 

 



Retained

 

 

Total
Stockholders'

 

 

 

Number

 

 

Amount

 

 

Capital

 

 

Earnings

 

 

Equity

 

 

 

(in thousands, except share data)

 

Beginning balance

 

 

69,499,886

 

 

$

70

 

 

$

76,765

 

 

$

74,602

 

 

$

151,437

 

Issuance of Class A common stock from exercise of
   stock options and vesting of restricted stock units

 

 

708,223

 

 

 

 

 

 

2,708

 

 

 

 

 

 

2,708

 

Equity-based
   compensation

 

 

 

 

 

 

 

 

980

 

 

 

 

 

 

980

 

Cumulative translation
   adjustment

 

 

 

 

 

 

 

 

 

 

 

343

 

 

 

343

 

Net income

 

 

 

 

 

 

 

 

 

 

 

19,438

 

 

 

19,438

 

Ending balance

 

 

70,208,109

 

 

$

70

 

 

$

80,453

 

 

$

94,383

 

 

$

174,906

 

 

 

 

 

Nine Months Ended September 30, 2021

 

 

 

Common Stock

 

 

Additional
Paid-in

 

 



Retained

 

 

Total
Stockholders'

 

 

 

Number

 

 

Amount

 

 

Capital

 

 

Earnings

 

 

Equity

 

 

 

(in thousands, except share data)

 

Beginning balance

 

 

71,396,706

 

 

$

71

 

 

$

86,040

 

 

$

113,953

 

 

$

200,064

 

Issuance of Class A common stock from exercise of
   stock options and vesting of restricted stock units

 

 

1,460,803

 

 

 

2

 

 

 

9,446

 

 

 

 

 

 

9,448

 

Equity-based
   compensation

 

 

 

 

 

 

 

 

3,664

 

 

 

 

 

 

3,664

 

Cumulative translation
   adjustment

 

 

 

 

 

 

 

 

 

 

 

(499

)

 

 

(499

)

Net income

 

 

 

 

 

 

 

 

 

 

 

70,458

 

 

 

70,458

 

Ending balance

 

 

72,857,509

 

 

$

73

 

 

$

99,150

 

 

$

183,912

 

 

$

283,135

 

 

 

 

 

Nine Months Ended September 30, 2020

 

 

 

Common Stock

 

 

Additional
Paid-in

 

 



Retained

 

 

Total
Stockholders'

 

 

 

Number

 

 

Amount

 

 

Capital

 

 

Earnings

 

 

Equity

 

 

 

(in thousands, except share data)

 

Beginning balance

 

 

69,078,983

 

 

$

69

 

 

$

74,018

 

 

$

56,677

 

 

$

130,764

 

Issuance of Class A common stock from exercise of
   stock options and vesting of restricted stock units

 

 

1,129,126

 

 

 

1

 

 

 

4,064

 

 

 

 

 

 

4,065

 

Equity-based
   compensation

 

 

 

 

 

 

 

 

2,412

 

 

 

 

 

 

2,412

 

Cumulative translation
   adjustment

 

 

 

 

 

 

 

 

 

 

 

(124

)

 

 

(124

)

Other

 

 

 

 

 

 

 

 

(41

)

 

 

 

 

 

(41

)

Net income

 

 

 

 

 

 

 

 

 

 

 

37,830

 

 

 

37,830

 

Ending balance

 

 

70,208,109

 

 

$

70

 

 

$

80,453

 

 

$

94,383

 

 

$

174,906