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Net Income per Share | 9 Months Ended
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Sep. 30, 2022
Earnings Per Share [Abstract] |
Net Income per Share | Net Income per ShareBasic net income per share is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted net income per share is computed based on the weighted average number of common shares outstanding plus the effect of potentially dilutive common shares outstanding during the period using the applicable methods. The potentially dilutive common shares during the three and nine months ended September 30, 2022 and 2021 were time-based restricted stock units and did not include unvested stock options and performance-based restricted stock units containing unmet performance conditions. The potentially dilutive common shares are included in the calculation of diluted net income per share only when their effect is dilutive. The following table sets forth the computation of basic and diluted net income per share attributable to common stockholders for the three and nine months ended September 30, 2022 and 2021:
| Three Months Ended September 30, |  | Nine Months Ended September 30, |
| 2022 |  | 2021 |  | 2022 |  | 2021 |
| (in thousands, except shares and per share data)
Basic net income per share: |  |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |  |
Net income attributable to common stockholders | $ | 24,529 |  |  | $ | 29,414 |  |  | $ | 70,809 |  |  | $ | 118,242 |  |
Denominator |  |  |  |  |  |  |  |
Basic weighted average common shares | 126,228,723 |  |  | 126,190,351 |  |  | 126,222,084 |  |  | 126,405,822 |  |
Basic net income per share attributable to common stockholders | $ | 0.19 |  |  | $ | 0.23 |  |  | $ | 0.56 |  |  | $ | 0.94 |  |
Diluted net income per share: |  |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |  |
Net income attributable to common stockholders | $ | 24,529 |  |  | $ | 29,414 |  |  | $ | 70,809 |  |  | $ | 118,242 |  |
Denominator |  |  |  |  |  |  |  |
Basic weighted average common shares | 126,228,723 |  |  | 126,190,351 |  |  | 126,222,084 |  |  | 126,405,822 |  |
Dilutive effect of outstanding time-based restricted stock units | — |  |  | 57,148 |  |  | 331 |  |  | 45,297 |  |
Diluted weighted average common shares | 126,228,723 |  |  | 126,247,499 |  |  | 126,222,415 |  |  | 126,451,119 |  |
Diluted net income per share attributable to common stockholders | $ | 0.19 |  |  | $ | 0.23 |  |  | $ | 0.56 |  |  | $ | 0.94 |  |
The following potentially dilutive outstanding securities as of September 30, 2022 and 2021 were excluded from the computation of diluted net income per share because their effect would have been anti-dilutive for the periods presented, or issuance of such shares is contingent upon the satisfaction of certain conditions that were not satisfied by the end of the periods:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2022 |  | 2021 |  | 2022 |  | 2021
Unvested time-based restricted stock units |  | 562,071 |  |  | — |  |  | 562,071 |  |  | — |
Unvested performance-based restricted stock units |  | 234,077 |  |  | 99,289 |  |  | 234,077 |  |  | 99,289 |
Unvested and not exercised stock options |  | 182,233 |  |  | 195,896 |  |  | 182,233 |  |  | 195,896 |
Total |  | 978,381 |  |  | 295,185 |  |  | 978,381 |  |  | 295,185 |

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