Basic and Diluted Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

Schedule Computation of Earnings Per Share

The computation of earnings per share for the three and six months ended June 30, 2021 and 2020 is as follows:

	Three Months Ended June 30,					Six Months Ended June 30,
(in thousands, except per share amounts)	2021		2020			2021		2020
Numerator:
Net income	$	31,061	$	27,337		$	32,729	$	54,683
Less: Undistributed earnings allocated to   convertible preferred stock		—		(9,674	)		—		(19,358	)
Net income attributable to common stockholders -   basic	$	31,061	$	17,663		$	32,729	$	35,325
Add: Undistributed earnings reallocated to holders   of common stock		—		179			—	349
Net income attributable to common stockholders -   diluted	$	31,061	$	17,842		$	32,729	$	35,674
Denominator:
Weighted average shares - basic		408,363		230,160			407,273		230,020
Dilutive impact of stock options, restricted stock   awards and restricted stock units		20,504		6,730			21,955		6,537
Weighted average shares - diluted		428,867		236,890			429,228		236,557
Earnings per share:
Basic	$	0.08	$	0.08		$	0.08	$	0.15
Diluted	$	0.07	$	0.08		$	0.08	$	0.15

Weighted-Average Potentially Dilutive Shares Were Excluded From Computation of Diluted Earnings Per Share

The following weighted average potentially dilutive shares were excluded from the computation of diluted earnings per share for the periods presented because including them would have been antidilutive:

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2021		2020		2021		2020
Redeemable convertible preferred stock		—		126,046		—		126,046
Stock options, restricted stock awards and restricted   stock units		3,277		11,556		1,904		11,309