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Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

Basic and Diluted Net Income Per Share of Common Stock

The following table presents the calculation of basic and diluted net income (loss) per share of common stock for the three and six months ended June 30, 2023 and 2022:


			Three Months Ended												Six Months Ended
(in thousands, except for share and per share amounts)			June 30, 2023						June 30, 2022						June 30, 2023						June 30, 2022
Numerator:
Net income (loss)			$	1,520					$	2,574					$	4,772					$	(3,856)
Denominator:
Weighted average shares outstanding, basic			57,453,916						56,508,533						57,233,878						56,307,999
Effect of dilutive securities			81,699						312,491						235,227						—
Weighted average shares outstanding, diluted			57,535,615						56,821,024						57,469,105						56,307,999
Net income (loss) per share, basic and diluted:
Basic			$	0.03					$	0.05					$	0.08					$	(0.07)
Diluted			$	0.03					$	0.05					$	0.08					$	(0.07)
Antidilutive securities excluded from calculations of diluted net income (loss) per share			6,722,509						5,389,183						6,427,780						4,982,824