XML 41 R31.htm IDEA: XBRL DOCUMENT v3.22.2
Net Income Per Share (Tables)
6 Months Ended
Jun. 30, 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 June 30,

 

 

Six Months Ended June 30,

 

(In thousands, except per share data)

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

29,641

 

 

$

3,992

 

 

$

39,681

 

 

$

(4,923

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares - basic

 

 

154,694

 

 

 

162,378

 

 

 

155,408

 

 

 

162,338

 

Common stock equivalents

 

 

5,650

 

 

 

3,650

 

 

 

6,099

 

 

 

—

 

Weighted average shares - diluted

 

 

160,344

 

 

 

166,028

 

 

 

161,507

 

 

 

162,338

 

Net income (loss) per share - basic

 

$

0.19

 

 

$

0.02

 

 

$

0.26

 

 

$

(0.03

)

Net income (loss) per share - diluted

 

$

0.15

 

 

$

0.02

 

 

$

0.23

 

 

$

(0.03

)

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

 

 

 

 

 

 

 

 

 

 

 

 

Contingently issuable shares (1)

 

 

5,000

 

 

 

5,000

 

 

 

5,000

 

 

 

5,000

 

Public warrants

 

 

—

 

 

 

—

 

 

 

—

 

 

 

13,333

 

Private placement warrants

 

 

—

 

 

 

6,667

 

 

 

—

 

 

 

6,667

 

Non-qualified stock options

 

 

1,502

 

 

 

1,039

 

 

 

1,502

 

 

 

1,185

 

Performance share units

 

 

179

 

 

 

—

 

 

 

179

 

 

 

229

 

Restricted stock units

 

 

1,007

 

 

 

26

 

 

 

1,007

 

 

 

2,559

 

Total antidilutive shares excluded

 

 

7,688

 

 

 

12,732

 

 

 

7,688

 

 

 

28,973

 

 

(1) Contingently issuable shares relate to the earn-out agreement as discussed in Note 13, Other Significant Transactions.