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Net Income Per Share (Tables)

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic, by Common Class, Including Two Class Method

The following table presents the Company’s basic net income per share (in thousands, except per share amounts):

									Year Ended December 31,
															2023						2022						2021
Net income per share, basic:
Net income															$	49,098					$	61,494					$	3,600
Less: Accretion of redeemable convertible preferred stock															—						—						(1,480)
Less: Undistributed earnings attributable to participating securities															—						—						(168)
Net income attributable to Class A and Class B common stockholders															$	49,098					$	61,494					$	1,952
Weighted average shares of Class A and Class B common stock outstanding															100,730						114,272						102,230
Net income per share attributable to Class A and Class B common stockholders, basic															$	0.49					$	0.54					$	0.02

Schedule of Earnings Per Share, Diluted, by Common Class, Including Two Class Method

The following table presents the Company’s diluted net income per share (in thousands, except per share amounts):

									Year Ended December 31,
															2023						2022						2021
Net income per share, diluted:
Numerator:
Net income attributable to Class A and Class B common stockholders															$	49,098					$	61,494					$	1,952
Add:
Reallocation of net income attributable to participating securities															—						—						18
Net income attributable to Class A and Class B common stockholders, diluted															$	49,098					$	61,494					$	1,970
Denominator:
Weighted average shares of Class A and Class B common stock outstanding, basic															100,730						114,272						102,230
Effect of dilutive securities:
Options to purchase common stock															4,761						6,943						12,471
Unvested restricted stock units															267						183						725
Employee stock purchase plan															23						—						12
Unvested early exercise common stock															—						—						33
Weighted average shares of Class A and Class B common stock outstanding, diluted															105,781						121,398						115,471
Net income per share attributable to Class A and Class B common stockholders, diluted															$	0.46					$	0.51					$	0.02

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table presents the weighted average number of potentially dilutive common stock equivalents excluded from the computation of diluted net income per share because their inclusion would have been anti-dilutive (in thousands):

									Year Ended December 31,
															2023						2022						2021
Options to purchase common stock															5						71						3
Unvested restricted stock units															6,247						5,681						153
Convertible notes with related parties, if converted basis															—						—						1,226
Employee stock purchase plan															124						240						45
Total shares excluded from diluted net income per share															6,376						5,992						1,427

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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.

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Tabular disclosure of the effect of income (loss) on basic earnings per share.

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-Topic 260
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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
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-URI https://asc.fasb.org//1943274/2147482689/260-10-45-3

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