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Earnings per Common Share
 3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
Earnings per Common Share Earnings per Common Share
The calculation of basic and diluted earnings per share (EPS) was as follows:
 Three Months Ended March 31,
 20232022
(In thousands, except per share data)
Basic earnings per Class A common share
Numerator:
Net income$36,012 $38,624 
Amount attributable to unvested Walmart restricted shares— (191)
Net income allocated to Class A common stockholders$36,012 $38,433 
Denominator:
Weighted-average Class A shares issued and outstanding51,813 54,556 
Basic earnings per Class A common share$0.70 $0.70 
Diluted earnings per Class A common share
Numerator:
Net income allocated to Class A common stockholders$36,012 $38,433 
Re-allocated earnings— 2 
Diluted net income allocated to Class A common stockholders$36,012 $38,435 
Denominator:
Weighted-average Class A shares issued and outstanding51,813 54,556 
Dilutive potential common shares:
Stock options— 214 
Service-based restricted stock units109 198 
Performance-based restricted stock units68 233 
Employee stock purchase plan31 29 
Diluted weighted-average Class A shares issued and outstanding52,021 55,230 
Diluted earnings per Class A common share$0.69 $0.70 
The restricted shares issued to Walmart contained non-forfeitable rights to dividends and were considered participating securities for purposes of computing EPS pursuant to the two-class method. The computation above excludes income attributable to the unvested restricted shares from the numerator and excludes the dilutive impact of those underlying shares from the denominator.
For the periods presented, we excluded certain restricted stock units and stock options outstanding, which could potentially dilute basic EPS in the future, from the computation of diluted EPS as their effect was anti-dilutive. Additionally, we have excluded any performance-based restricted stock units where the performance contingency has not been met as of the end of the period, or whereby the result of including such awards was anti-dilutive.
The following table shows the weighted-average number of anti-dilutive shares excluded from the diluted EPS calculation:
 Three Months Ended March 31,
 20232022
(In thousands)
Class A common stock
Options to purchase Class A common stock1,163 139 
Service-based restricted stock units1,248 1,204 
Performance-based restricted stock units359 1,002 
Unvested Walmart restricted shares — 271 
Total 2,770 2,616