Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Basic and Diluted Net Income Per Share of Common Stock

The following table presents the calculation of basic and diluted net income (loss) per share of common stock for the three and six months ended June 30, 2022 and 2021:

	Three Months Ended				Six Months Ended
(in thousands, except for share and per share amounts)	June 30, 2022		June 30, 2021		June 30, 2022		June 30, 2021
Numerator:
Net income (loss)	$	2,574	$	9,653	$	(3,856)	$	18,303
Denominator:
Weighted average shares outstanding, basic	56,508,533		55,582,916		56,307,999		55,365,558
Effect of dilutive securities	312,491		1,320,424		—		1,339,861
Weighted average shares outstanding, diluted	56,821,024		56,903,340		56,307,999		56,705,419
Net income (loss) per share, basic and diluted:
Basic	$	0.05	$	0.17	$	(0.07)	$	0.33
Diluted	$	0.05	$	0.17	$	(0.07)	$	0.32
Antidilutive securities excluded from calculations of diluted net income (loss) per share	5,389,183		2,212,724		4,982,824		2,174,917