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Net Income per Share (Tables)

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Summary of Earnings Per Share

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

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

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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- References

No definition available.

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- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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X

- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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