Three months ended March 31,

2022

2021

(in thousands, except per share amounts)

Numerator:

Net income

$

13,330

$

2,494

Interest expense associated with convertible notes

2,544

—

Net income available to common shareholders

$

15,874

$

2,494

Denominator:

Basic weighted average shares outstanding

49,614

48,624

Effect of potentially dilutive share-based awards

1,208

1,494

Dilutive effect of convertible notes

14,463

2,932

Diluted weighted average shares outstanding

65,285

53,050

Net income per common share:

Basic

$

0.27

$

0.05

Diluted

$

0.24

$

0.05

Potentially dilutive shares excluded from the diluted calculation as their effect would be antidilutive

613

878

Maximum potential shares to be issued for settlement of the convertible notes excluded from the diluted calculation as their effect would be antidilutive

504

8,811