Earnings per Share (Tables)

12 Months Ended

Dec. 31, 2023

Earnings per Share

Summary of computation of basic and diluted net income (loss) per share

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

	Year Ended December 31,
	2023		2022		2021
Numerator
Net income	$	128,853	$	181,468	$	34,597
Net income available to common shareholders	$	128,853	$	181,468	$	34,597
Denominator
Net income per share of common stock - basic	$	2.17	$	3.07	$	0.60
Net income per share of common stock- diluted	$	2.13	$	2.97	$	0.58
Weighted average number of shares of common stock - basic		59,469,648		59,173,121		57,531,540
Weighted average number of shares of common stock - diluted		60,372,397		61,097,045		59,205,213

Summary of antidilutive securities excluded from computation of earnings per share

	Year Ended December 31,
	2023		2022		2021
Stock options, SARs, and RSUs to purchase common stock		902,749		1,923,924		1,536,825
Warrants		—		—		136,848
Total		902,749		1,923,924		1,673,673

Potential common shares issuable upon conversion of preferred stock and exercise of stock options that were excluded from the computation of diluted weighted-average shares outstanding excluded from the numerator are as follows:

	Year Ended December 31,
	2023		2022		2021
Stock options, SARs, and RSUs to purchase common stock		5,786,881		4,640,231		4,289,066