Earnings per Share (Tables)

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Schedule of 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 nine months ended September 30, 2024 and 2023:

	Three Months Ended				Nine Months Ended
(in thousands, except for share and per share amounts)	September 30, 2024		September 30, 2023		September 30, 2024		September 30, 2023
Numerator:
Net income (loss)	$	(5,324)	$	137	$	(13,988)	$	4,909
Denominator:
Weighted average shares outstanding, basic	58,261,961		57,519,031		58,095,566		57,329,969
Effect of dilutive securities	—		76,313		—		182,256
Weighted average shares outstanding, diluted	58,261,961		57,595,344		58,095,566		57,512,225
Net income (loss) per share, basic and diluted:
Basic	$	(0.09)	$	0.00	$	(0.24)	$	0.09
Diluted	$	(0.09)	$	0.00	$	(0.24)	$	0.09
Antidilutive securities excluded from calculations of diluted net income (loss) per share	6,383,154		6,724,127		6,603,367		6,526,562