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Stockholders' Equity
6 Months Ended
Jun. 30, 2022
Equity [Abstract]  
Stockholders' Equity

Note 7. Stockholders’ Equity

Changes in stockholders’ equity for the three and six months ended June 30, 2022 and 2021 were as follows:

 

 

 

Three Months Ended June 30, 2022

 

 

 

Common Stock

 

 

Additional
Paid-in

 

 

Retained

 

 

Total
Stockholders'

 

 

 

Number

 

 

Amount

 

 

Capital

 

 

Earnings

 

 

Equity

 

 

 

(in thousands, except share data)

 

Beginning balance

 

 

73,298,849

 

 

$

74

 

 

$

105,206

 

 

$

235,218

 

 

$

340,498

 

Issuance of Class A common stock from exercise of
   stock options and vesting of restricted stock units

 

 

25,224

 

 

 

 

 

 

242

 

 

 

 

 

 

242

 

Equity-based
   compensation

 

 

 

 

 

 

 

 

1,395

 

 

 

 

 

 

1,395

 

Cumulative translation
   adjustment

 

 

 

 

 

 

 

 

 

 

 

(2,195

)

 

 

(2,195

)

Net income

 

 

 

 

 

 

 

 

 

 

 

16,273

 

 

 

16,273

 

Ending balance

 

 

73,324,073

 

 

$

74

 

 

$

106,843

 

 

$

249,296

 

 

$

356,213

 

 

 

 

 

Three Months Ended June 30, 2021

 

 

 

Common Stock

 

 

Additional
Paid-in

 

 

Retained

 

 

Total
Stockholders'

 

 

 

Number

 

 

Amount

 

 

Capital

 

 

Earnings

 

 

Equity

 

 

 

(in thousands, except share data)

 

Beginning balance

 

 

72,163,515

 

 

$

72

 

 

$

91,332

 

 

$

136,309

 

 

$

227,713

 

Issuance of Class A common stock from exercise of
   stock options and vesting of restricted stock units

 

 

574,829

 

 

 

1

 

 

 

3,899

 

 

 

 

 

 

3,900

 

Equity-based
   compensation

 

 

 

 

 

 

 

 

1,352

 

 

 

 

 

 

1,352

 

Cumulative translation
   adjustment

 

 

 

 

 

 

 

 

 

 

 

(55

)

 

 

(55

)

Net income

 

 

 

 

 

 

 

 

 

 

 

31,538

 

 

 

31,538

 

Ending balance

 

 

72,738,344

 

 

$

73

 

 

$

96,583

 

 

$

167,792

 

 

$

264,448

 

 

 

 

 

Six Months Ended June 30, 2022

 

 

 

Common Stock

 

 

Additional
Paid-in

 

 

Retained

 

 

Total
Stockholders'

 

 

 

Number

 

 

Amount

 

 

Capital

 

 

Earnings

 

 

Equity

 

 

 

(in thousands, except share data)

 

Beginning balance

 

 

73,233,321

 

 

$

73

 

 

$

103,590

 

 

$

213,351

 

 

$

317,014

 

Issuance of Class A common stock from exercise of
   stock options and vesting of restricted stock units

 

 

90,752

 

 

 

1

 

 

 

367

 

 

 

 

 

 

368

 

Equity-based
   compensation

 

 

 

 

 

 

 

 

2,886

 

 

 

 

 

 

2,886

 

Cumulative translation
   adjustment

 

 

 

 

 

 

 

 

 

 

 

(2,896

)

 

 

(2,896

)

Net income

 

 

 

 

 

 

 

 

 

 

 

38,841

 

 

 

38,841

 

Ending balance

 

 

73,324,073

 

 

$

74

 

 

$

106,843

 

 

$

249,296

 

 

$

356,213

 

 

 

 

 

Six Months Ended June 30, 2021

 

 

 

Common Stock

 

 

Additional
Paid-in

 

 

Retained

 

 

Total
Stockholders'

 

 

 

Number

 

 

Amount

 

 

Capital

 

 

Earnings

 

 

Equity

 

 

 

(in thousands, except share data)

 

Beginning balance

 

 

71,396,706

 

 

$

71

 

 

$

86,040

 

 

$

113,953

 

 

$

200,064

 

Issuance of Class A common stock from exercise of
   stock options and vesting of restricted stock units

 

 

1,341,638

 

 

 

2

 

 

 

8,215

 

 

 

 

 

 

8,217

 

Equity-based
   compensation

 

 

 

 

 

 

 

 

2,328

 

 

 

 

 

 

2,328

 

Cumulative translation
   adjustment

 

 

 

 

 

 

 

 

 

 

 

49

 

 

 

49

 

Net income

 

 

 

 

 

 

 

 

 

 

 

53,790

 

 

 

53,790

 

Ending balance

 

 

72,738,344

 

 

$

73

 

 

$

96,583

 

 

$

167,792

 

 

$

264,448