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Net Income Per Share | 9 Months Ended
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Sep. 30, 2021
Earnings Per Share [Abstract] |
Net Income Per Share | Net Income Per Share 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 |
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 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 http://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 http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://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 http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257 + Details
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