Earnings per Common Share (Tables)

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Schedule of basic and diluted earning per share

The calculation of basic and diluted earnings per share (EPS) was as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
	(In thousands, except per share data)
Basic earnings per Class A common share
Numerator:
Net income	$	3,294	$	34,692	$	50,139	$	98,735
Income attributable to unvested Walmart restricted shares	(52)		—		(828)		—
Net income allocated to Class A common stockholders	$	3,242	$	34,692	$	49,311	$	98,735
Denominator:
Weighted-average Class A shares issued and outstanding	52,275		52,588		52,084		52,818
Basic earnings per Class A common share	$	0.06	$	0.66	$	0.95	$	1.87
Diluted earnings per Class A common share
Numerator:
Net income allocated to Class A common stockholders	$	3,242	$	34,692	$	49,311	$	98,735
Re-allocated earnings	1		—		13		—
Diluted net income allocated to Class A common stockholders	$	3,243	$	34,692	$	49,324	$	98,735
Denominator:
Weighted-average Class A shares issued and outstanding	52,275		52,588		52,084		52,818
Dilutive potential common shares:
Stock options	58		131		57		150
Restricted stock units	567		456		469		586
Performance-based restricted stock units	258		630		299		592
Employee stock purchase plan	6		6		4		8
Diluted weighted-average Class A shares issued and outstanding	53,164		53,811		52,913		54,154
Diluted earnings per Class A common share	$	0.06	$	0.64	$	0.93	$	1.82

Schedule of antidilutive shares

The following table shows the weighted-average number of shares excluded from the diluted EPS calculation as their effects were anti-dilutive:

	Three Months Ended June 30,		Six Months Ended June 30,
	2020	2019	2020	2019
	(In thousands)
Class A common stock
Options to purchase Class A common stock	795	—	772	—
Restricted stock units	268	329	295	226
Performance-based restricted stock units	453	431	286	217
Unvested Walmart restricted shares	840	—	875	—
Total	2,356	760	2,228	443