Net Income per Share (Tables)

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Summary of Earnings Per Share

The following table sets forth the computation of basic and diluted net income per share attributable to common stockholders for the three months ended March 31, 2022 and 2021:

	Three Months Ended March 31,
	2022		2021
	(in thousands, except shares and per share data)
Basic net income per share:
Numerator
Net income attributable to common stockholders	$	23,154	$	12,862
Denominator
Weighted average common shares	126,215,698		126,803,096
Basic net income per share attributable to common stockholders	$	0.18	$	0.10
Diluted net income per share:
Numerator
Net income attributable to common stockholders	$	23,154	$	12,862
Denominator
Basic weighted average common shares	126,215,698		126,803,096
Dilutive effect of outstanding Time-Based Restricted Stock Units	499		34,736
Diluted weighted average common shares	126,216,197		126,837,832
Diluted net income per share attributable to common stockholders	$	0.18	$	0.10

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following potentially dilutive outstanding securities as of March 31, 2022 and 2021 were excluded from the computation of diluted net income per share because their effect would have been anti-dilutive for the periods presented, or issuance of such shares is contingent upon the satisfaction of certain conditions that were not satisfied by the end of the periods:

	Three Months Ended March 31,
	2022	2021
Unvested and not exercised Stock Options	188,540	199,764
Unvested Time-Based Restricted Stock Units	459,431	—
Unvested Performance-Based Restricted Stock Units	94,415	99,289
Total	742,386	299,053