Net Income (Loss) Per Share of Common Stock (Tables)

9 Months Ended

Sep. 30, 2022

Net Income (Loss) Per Share of Common Stock

Schedule of computation of basic and diluted earnings per share

The computations for basic and diluted net income (loss) per share were as follows (in thousands, except per-share data):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2022			2021	2022		2021
Numerator
Net income (loss)	$	73,290	$	(19,507)	$	14,496	$	(70,471)
Less: Net income attributable to preferred shareholders		(1,656)		—		(336)		—
Net income (loss) attributable to common shareholders		71,634		(19,507)		14,160		(70,471)
Denominator
Basic weighted average shares outstanding		37,202,269		36,744,591		37,084,060		36,667,472
Effect of dilutive securities		708,242		—		1,309,694		—
Diluted weighted average shares outstanding		37,910,511		36,744,591		38,393,754		36,667,472
Basic net income (loss) per share of common stock	$	1.93	$	(0.53)	$	0.38	$	(1.92)
Diluted net income (loss) per share of common stock	$	1.89	$	(0.53)	$	0.37	$	(1.92)

Schedule of antidilutive securities excluded from the computation of diluted weighted average shares outstanding

	Three Months Ended		Nine Months Ended
	September 30,		September 30,
	2022	2021	2022	2021
Convertible preferred stock	—	915,000	—	915,000
Restricted stock awards and restricted stock units	—	37,000	—	37,000
Stock options	4,735,841	4,625,768	4,566,687	4,625,768
	4,735,841	5,577,768	4,566,687	5,577,768