Net Income (Loss) Per Share (EPS)

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Net Income (Loss) per Share (EPS)

16. Net Income (Loss) per Share (EPS)

Basic EPS is calculated by dividing net income (loss) by the weighted-average number of shares outstanding during the period. Diluted EPS is calculated by dividing net income (loss) by the weighted-average number of shares outstanding plus the dilutive effect, if any, of outstanding equity awards using the treasury stock method which includes consideration of unrecognized compensation expenses as additional proceeds.

A reconciliation of the numerator and denominator used in the calculation of the basic and diluted net income (loss) attributable to the Class A common stockholders is as follows.

	Three Months Ended  June 30,				Six Months Ended  June 30,
	2022		2021		2022		2021
Numerator:
Net Income	$	8,744	$	20,687	$	7,831	$	30,630
Denominator:
Weighted average common shares outstanding —basic		129,635,682		128,235,224		129,214,541		128,053,654
Dilutive effect of restricted stock units		147,600		508,015		205,838		517,837
Dilutive effect of options		2,817,297		5,245,174		3,284,827		5,149,700
Weighted-average common shares outstanding—diluted		132,600,579		133,988,413		132,705,206		133,721,191
Earnings per share—basic	$	0.07	$	0.16	$	0.06	$	0.24
Earnings per share—diluted	$	0.07	$	0.15	$	0.06	$	0.23

For the three and six months ended June 30, 2022, outstanding stock-based awards of 3,755,497 and 3,378,641 were excluded from the diluted EPS calculation as they were anti-dilutive. For the three and six months ended June 30, 2021, outstanding stock-based awards of 923,907 and 967,146 were excluded from the diluted EPS calculation as they were anti-dilutive.