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Net Income Per Share (Tables) | 3 Months Ended
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Mar. 31, 2024
Earnings Per Share [Abstract] |
Schedule of Earnings Per Share, Basic and Diluted | The computation of net income per share is as follows:
| Three Months Ended March 31, |  |
| 2024 |  | 2023 |  |  |  |
(in thousands, except share and per share amounts) |  |  |  |  |  |  |
Basic earnings per share: |  |  |  |  |  |  |
Net income | $ | 19,647 |  |  | $ | 9,099 |  |  |  |  |
Shares used in computation: |  |  |  |  |  |  |
Weighted-average common shares outstanding, basic | 215,549,467 |  |  | 215,587,699 |  |  |  |  |
Earnings per share, basic | $ | 0.09 |  |  | $ | 0.04 |  |  |  |  |
Diluted earnings per share: |  |  |  |  |  |  |
Net income | $ | 19,647 |  |  | $ | 9,099 |  |  |  |  |
Shares used in computation: |  |  |  |  |  |  |
Weighted-average common shares outstanding, basic | 215,549,467 |  |  | 215,587,699 |  |  |  |  |
Weighted-average effect of potentially dilutive securities: |  |  |  |  |  |  |
Unvested common stock subject to forfeiture | 794,502 |  |  | 2,813,251 |  |  |  |  |
Employee stock options | — |  |  | 18,851 |  |  |  |  |
Restricted stock units | 521,083 |  |  | 329,454 |  |  |  |  |
Diluted weighted-average common shares outstanding | 216,865,052 |  |  | 218,749,255 |  |  |  |  |
Diluted net income per share | $ | 0.09 |  |  | $ | 0.04 |  |  |  |  |
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 March 31, |  |
| 2024 |  | 2023 |  |  |  |
Employee stock options | 3,248,445 |  |  | 3,109,412 |  |  |  |  |
Restricted stock units | 7,396,613 |  |  | 8,940,648 |  |  |  |  |
Unvested common stock subject to forfeiture | 246,083 |  |  | 657,228 |  |  |  |  |

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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 -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + 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 -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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