Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Basic and Diluted Net Loss Per Share of Common Stock

The following table presents the calculation of basic and diluted net income per share of common stock for the three and six months ended June 30, 2020 and 2019:

	Three Months Ended				Six Months Ended
(in thousands, except for share and per share amounts)	June 30, 2020		June 30, 2019		June 30, 2020		June 30, 2019
Numerator:
Net income	$	8,714	$	11,526	$	9,200	$	10,914
Denominator:
Weighted average shares outstanding, basic	54,501,308		53,101,499		54,153,812		52,928,101
Effect of dilutive securities	580,089		1,478,483		821,959		2,004,831
Weighted average shares outstanding, diluted	55,081,397		54,579,982		54,975,771		54,932,932
Net income per share, basic and diluted:
Basic	$	0.16	$	0.22	$	0.17	$	0.21
Diluted	$	0.16	$	0.21	$	0.17	$	0.20
Antidilutive securities excluded from calculations of diluted net income per share	3,813,824		2,294,277		3,454,524		1,415,953