Basic and Diluted Net Income Per Share (Tables)

3 Months Ended

Mar. 31, 2023

Summary of basic and diluted income per share

The following table sets forth the computation of basic and diluted net income per share:


(In thousands, except for share and per share amounts)	Three Months Ended March 31,
		2023		2022
Numerator:
Net income attributable to common stockholders—Basic		$	9,769	$	7,346

Net income attributable to common stockholders—Diluted		$	9,769	$	7,346
Denominator:
Weighted-average common shares outstanding—Basic (1)		138,651,062		136,825,016
Stock options		3,803,307		4,880,252

RSU awards		—		27,135
Weighted-average common shares outstanding—Diluted (1)		142,454,369		141,732,403
Net income per share—Basic		$	0.07	$	0.05
Net income per share—Diluted		$	0.07	$	0.05

(1)Excludes weighted-average Sponsor Vesting Shares subject to return of 4,500,000 shares as of March 31, 2023 and 2022.

Summary of Potentially Dilutive Securities for Common Stock

The following potentially dilutive securities for common stock were outstanding and excluded from diluted earnings per share as they are subject to performance or market conditions that were not achieved as follows:


	Three Months Ended March 31,
	2023	2022
Options to purchase common stock	1,481,531	1,481,531
Performance-based stock awards	2,054,650	2,634,498
Earnout shares	25,000,000	25,000,000
Sponsor vesting shares	4,500,000	4,500,000

The following outstanding shares of potentially dilutive securities were excluded from the computation of diluted net income per share attributable to common stockholders for the periods presented because including them would have been antidilutive:


	Three Months Ended March 31,
		2023	2022

Warrants to purchase common stock		35,476,627	35,476,627


RSU awards		—	763,778