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Net Income Per Share (Tables) | 9 Months Ended
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Sep. 30, 2021
Earnings Per Share [Abstract] |
Schedule of computation of basic and diluted earnings per share of common stock | The computation of net income per share is as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
(in thousands, except share and per share amounts) |  |  |  |  |  |  |
Basic earnings per share: |  |  |  |  |  |  |
Net income | $ | 30,005 |  |  | $ | 45,211 |  |  | $ | 128,549 |  |  | $ | 93,130 |
Shares used in computation: |  |  |  |  |  |  |
Weighted-average common shares outstanding, basic | 208,988,168 |  |  | 208,116,104 |  |  | 208,169,736 |  |  | 208,116,104 |
Earnings per share, basic | $ | 0.14 |  |  | $ | 0.22 |  |  | $ | 0.62 |  |  | $ | 0.45 |
Diluted earnings per share: |  |  |  |  |  |  |
Net income | $ | 30,005 |  |  | $ | 45,211 |  |  | $ | 128,549 |  |  | $ | 93,130 |
Shares used in computation: |  |  |  |  |  |  |
Weighted-average common shares outstanding, basic | 208,988,168 |  |  | 208,116,104 |  |  | 208,169,736 |  |  | 208,116,104 |
Weighted-average effect of potentially dilutive securities: |  |  |  |  |  |  |
Unvested common stock subject to forfeiture | 12,326,206 |  |  | — |  |  | 8,572,134 |  |  | — |
Employee stock options | 1,290,101 |  |  | — |  |  | 732,824 |  |  | — |
Restricted stock units | 1,726,564 |  |  | — |  |  | 991,288 |  |  | — |
Underwriters’ option to purchase additional shares | — |  |  | — |  |  | 25,132 |  |  | — |
Diluted weighted-average common shares outstanding | 224,331,039 |  |  | 208,116,104 |  |  | 218,491,114 |  |  | 208,116,104 |
Diluted net income per share | $ | 0.13 |  |  | $ | 0.22 |  |  | $ | 0.59 |  |  | $ | 0.45 |
Schedule of antidilutive securities excluded from computation of earnings per share | The following potentially dilutive shares were excluded from the computation of diluted earnings per share for the periods presented because including them would have had an anti-dilutive effect:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Restricted stock units | 236,000 |  |  | — |  |  | 236,000 |  |  | — |

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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