XML 36 R22.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Earnings (Loss) Per Share | 12 Months Ended
--- | ---
Dec. 31, 2023
Earnings Per Share [Abstract] |
Earnings (Loss) Per Share | ARNINGS (LOSS) PER SHARE Basic EPS and Diluted EPS attributable to common stockholders is calculated in conformity with the two-class method required for participating securities: Class A and Class B common stock. The rights of the holders of Class A and Class B common stock are identical, except with respect to voting, conversion, and transfer rights. Each share of Class A common stock is entitled to one vote per share and each share of Class B common stock is entitled to twenty votes per share. Each share of Class B common stock is convertible at any time at the option of the stockholder into one share of Class A common stock. As the economic rights of Class A and Class B common stock are identical, undistributed earnings are allocated on a proportionate basis and presented on a combined basis. The following table sets forth the computation of Basic EPS and Diluted EPS and a reconciliation of the weighted average number of common and common equivalent shares outstanding for the years ended December 31, 2023, 2022, and 2021 (in thousands, except share and per share amounts).
| Year ended December 31,
| 2023 |  | 2022 |  | 2021
Numerator: |  |  |  |  |
Net income (loss) | $ | 22,637 |  |  | $ | 21,186 |  |  | $ | (9,556) |
Denominator: |  |  |  |  |
Weighted-average shares—basic | 168,065,721 |  |  | 165,268,185 |  |  | 159,177,713 |
Effect of dilutive stock options | 13,502,538 |  |  | 20,362,453 |  |  | — |
Effect of dilutive restricted stock units | 844,705 |  |  | 1,916,835 |  |  | — |
Weighted-average shares—diluted | 182,412,965 |  |  | 187,547,474 |  |  | 159,177,713 |
Earnings (loss) per share: |  |  |  |  |
Basic earnings (loss) per share | $ | 0.13 |  |  | $ | 0.13 |  |  | $ | (0.06) |
Effect of dilutive stock options and restricted stock units | (0.01) |  |  | (0.02) |  |  | — |
Diluted earnings (loss) per share | $ | 0.12 |  |  | $ | 0.11 |  |  | $ | (0.06) |
The Company excluded the following weighted average common equivalent shares from the computation of Diluted EPS for the years ended December 31, 2023, 2022, and 2021 because including them would have had an anti-dilutive effect:
| Year ended December 31,
| 2023 |  | 2022 |  | 2021
Stock options to purchase common stock | 11,219,739 |  |  | 5,845,057 |  |  | 40,164,214 |
Restricted stock units | 2,278,137 |  |  | 1,078,486 |  |  | 4,316,091 |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration