XML 30 R14.htm IDEA: XBRL DOCUMENT v3.24.0.1
Net Income Per Share
 12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Net Income Per Share Net Income Per Share
Basic 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 years ended December 31, 2023, 2022 and 2021 include unvested and unexercised stock options, unvested time-based restricted stock units and unvested performance-based restricted stock units whose performance conditions have been satisfied. The potentially dilutive common shares during the same periods do not include performance-based restricted stock units if the performance conditions of these awards have not been satisfied. 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 years ended December 31, 2023, 2022 and 2021:
 Year Ended December 31,
 202320222021
(in thousands, except share and per share data)
Basic net income per share:
Numerator
Net income $22,070 $66,620 $146,082 
Net income attributable to common stockholders$22,070 $66,620 $146,082 
Denominator
Basic weighted average common shares outstanding120,826,644 126,108,329 126,354,597 
Basic net income per share attributable to common stockholders$0.18 $0.53 $1.16 
Diluted net income per share:
Numerator
Net income attributable to common stockholders$22,070 $66,620 $146,082 
Denominator
Basic weighted average common shares outstanding120,826,644 126,108,329 126,354,597 
Dilutive effect of time-based restricted stock units outstanding648,236 153,285 35,838 
Diluted weighted average common shares outstanding121,474,880 126,261,614 126,390,435 
Diluted net income per share attributable to common stockholders$0.18 $0.53 $1.16 
The following potentially dilutive outstanding securities for the years ended December 31, 2023, 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 the issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied by the end of the periods:
 Year Ended December 31,
 202320222021
Unvested and unexercised stock options140,049 172,461 194,348 
Unvested time-based restricted stock units280,702 411,349 150,000 
Unvested performance-based restricted stock units424,675 159,965 99,289 
Total845,426 743,775 443,637