EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2022

The following table shows the computation of basic and diluted earnings per share:


	Three Months Ended March 31,
	2022		2021
Numerator:
Net Income	$	3,637	$	12,416

Denominator:
Weighted Average Common Shares Outstanding - Basic	57,907,655		48,496,077
Dilutive effect of Stock Options, RSUs and Warrants (1)	3,824,287		4,012,109
Weighted Average Common Shares Outstanding - Diluted	61,731,942		52,508,186

Basic earnings per share	$	0.06	$	0.26
Diluted earnings per share	$	0.06	$	0.24

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(1)			There were 3,550,810 and 3,557,432 performance-based stock options outstanding at March 31, 2022 and 2021, respectively. As a result of the Company’s initial public offering, 75% of these options are expected to meet the performance conditions and are included in the measure above to the extent they are dilutive at March 31, 2022 and 2021. In March 2022, 25% of the eligible outstanding performance-based stock options vested and were considered exercisable. The vested performance-based stock options are included in the measure above to the extent they are dilutive.

The Company's anti-dilutive shares for the periods presented were not material to the Condensed Consolidated Financial Statements.

Warrants held by Amazon are included in dilutive weighted average shares outstanding as of the date the warrants vest. The unvested warrants held by Amazon have not been included in dilutive shares as their performance condition had not been satisfied.