Net Income Per Share Attributable to Common Stockholders (Tables)
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12 Months Ended |
Dec. 31, 2022 |
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| Earnings Per Share [Abstract] |
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| Schedule of Earnings per Share, Basic, by Common Class, Including Two Class Method |
The following table sets forth the computation of the Company’s basic and diluted net income per share (in thousands, except share and per share data): | | | | | | | | | | | | | | | | | | | Year Ended December 31, | | 2022 | | 2021 | | 2020 | | (in thousands, except share and per share data) | | Numerator: | | | | | | | Net income | $ | 28,705 | | | $ | 56,604 | | | $ | 26,613 | | | Less: Undistributed earnings allocated to participating securities | — | | | — | | | (20,187) | | | Net income attributable to common stockholders – basic | $ | 28,705 | | | $ | 56,604 | | | $ | 6,426 | | | Denominator: | | | | | | | Weighted average common shares outstanding – basic | 52,278,009 | | | 50,184,455 | | | 12,642,293 | | | Net income per share attributable to common stockholders – basic: | $ | 0.55 | | | $ | 1.13 | | | $ | 0.51 | | | Numerator: | | | | | | | Net income attributable to common stockholders - diluted | $ | 28,705 | | | $ | 56,604 | | | $ | 7,929 | | | Denominator: | | | | | | | Weighted average shares outstanding – basic | 52,278,009 | | | 50,184,455 | | | 12,642,293 | | | Options to purchase common stock | 4,605,927 | | | 6,353,779 | | | 4,483,589 | | | Restricted stock | 12,647 | | | 29,662 | | | — | | | Employee stock purchase plan shares | 11,614 | | | 60,678 | | | — | | | Weighted average shares outstanding – diluted | 56,908,197 | | | 56,628,574 | | | 17,125,882 | | | Net income per share attributable to common stockholders – diluted | $ | 0.50 | | | $ | 1.00 | | | $ | 0.46 | |
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| Schedule of Earnings per Share, Diluted, by Common Class, Including Two Class Method |
The following table sets forth the computation of the Company’s basic and diluted net income per share (in thousands, except share and per share data): | | | | | | | | | | | | | | | | | | | Year Ended December 31, | | 2022 | | 2021 | | 2020 | | (in thousands, except share and per share data) | | Numerator: | | | | | | | Net income | $ | 28,705 | | | $ | 56,604 | | | $ | 26,613 | | | Less: Undistributed earnings allocated to participating securities | — | | | — | | | (20,187) | | | Net income attributable to common stockholders – basic | $ | 28,705 | | | $ | 56,604 | | | $ | 6,426 | | | Denominator: | | | | | | | Weighted average common shares outstanding – basic | 52,278,009 | | | 50,184,455 | | | 12,642,293 | | | Net income per share attributable to common stockholders – basic: | $ | 0.55 | | | $ | 1.13 | | | $ | 0.51 | | | Numerator: | | | | | | | Net income attributable to common stockholders - diluted | $ | 28,705 | | | $ | 56,604 | | | $ | 7,929 | | | Denominator: | | | | | | | Weighted average shares outstanding – basic | 52,278,009 | | | 50,184,455 | | | 12,642,293 | | | Options to purchase common stock | 4,605,927 | | | 6,353,779 | | | 4,483,589 | | | Restricted stock | 12,647 | | | 29,662 | | | — | | | Employee stock purchase plan shares | 11,614 | | | 60,678 | | | — | | | Weighted average shares outstanding – diluted | 56,908,197 | | | 56,628,574 | | | 17,125,882 | | | Net income per share attributable to common stockholders – diluted | $ | 0.50 | | | $ | 1.00 | | | $ | 0.46 | |
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| Schedule of Antidilutive Securities Excluded from Computation of Earnings per Share |
The following weighted-average outstanding shares of common stock equivalents were excluded from the computation of diluted net income per share attributable to common stockholders for the periods presented because including them would have been anti-dilutive: | | | | | | | | | | | | | | | | | | | Year Ended December 31, | | 2022 | | 2021 | | 2020 | Options to purchase common stock | 1,016,449 | | 671,244 | | 846,481 | | Unvested restricted stock units | 1,164,817 | | — | | — | | ESPP | 72,522 | | — | | — | Total common stock equivalents excluded from net income per share attributable to common stockholders – diluted | 2,253,788 | | 671,244 | | 846,481 |
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