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Earnings per Common Share
 6 Months Ended
Jun. 30, 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 June 30,Six Months Ended June 30,
 2023202220232022
(In thousands, except per share data)
Basic earnings per Class A common share
Numerator:
Net income$578 $15,008 $36,590 $53,632 
Amount attributable to unvested Walmart restricted shares— (53)— (226)
Net income allocated to Class A common stockholders$578 $14,955 $36,590 $53,406 
Denominator:
Weighted-average Class A shares issued and outstanding52,193 53,928 52,004 54,240 
Basic earnings per Class A common share$0.01 $0.28 $0.70 $0.98 
Diluted earnings per Class A common share
Numerator:
Net income allocated to Class A common stockholders$578 $14,955 $36,590 $53,406 
Re-allocated earnings— 1 — 3 
Diluted net income allocated to Class A common stockholders$578 $14,956 $36,590 $53,409 
Denominator:
Weighted-average Class A shares issued and outstanding52,193 53,928 52,004 54,240 
Dilutive potential common shares:
Stock options— 121 — 169 
Service-based restricted stock units192 182 135 191 
Performance-based restricted stock units41 148 52 243 
Employee stock purchase plan11 10 10 12 
Diluted weighted-average Class A shares issued and outstanding52,437 54,389 52,201 54,855 
Diluted earnings per Class A common share$0.01 $0.27 $0.70 $0.97 
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 June 30,Six Months Ended June 30,
 2023202220232022
(In thousands)
Class A common stock
Options to purchase Class A common stock1,027 139 1,094 139 
Service-based restricted stock units754 1,256 866 1,204 
Performance-based restricted stock units444 867 332 822 
Unvested Walmart restricted shares — 190 — 230 
Total 2,225 2,452 2,292 2,395