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Net Income Per Share (Tables)
3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Schedule of Components of Basic and Diluted Net Income Per Share

The components of basic and diluted net income (loss) per share are as follows:

 

 

 

Three Months Ended March 31,

 

(In thousands, except per share data)

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

Net income (loss)

 

$

10,040

 

 

$

(8,915

)

Denominator:

 

 

 

 

 

 

Weighted average shares - basic

 

 

156,130

 

 

 

162,297

 

Common stock equivalents

 

 

4,619

 

 

 

 

Weighted average shares - diluted

 

 

160,749

 

 

 

162,297

 

Net income (loss) per share - basic

 

$

0.06

 

 

$

(0.05

)

Net income (loss) per share - diluted

 

$

0.06

 

 

$

(0.05

)

Antidilutive shares excluded from diluted net income (loss) per share:

 

 

 

 

 

 

Contingently issuable shares (1)

 

 

5,000

 

 

 

5,000

 

Public warrants

 

 

 

 

 

13,333

 

Private placement warrants

 

 

6,667

 

 

 

6,667

 

Non-qualified stock options

 

 

710

 

 

 

1,205

 

Performance share units

 

 

 

 

 

229

 

Restricted stock units

 

 

32

 

 

 

2,582

 

Total antidilutive shares excluded

 

 

12,409

 

 

 

29,016

 

 

(1) Contingently issuable shares relate to the earn-out agreement as discussed in Note 12, Related Party Transactions.