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Basic and Diluted (Loss) Earnings Per Share
3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Basic and Diluted (Loss) Earnings Per Share

12. Basic and Diluted Earnings Per Share

The computation of earnings per share for the three months ended March 31, 2022 and 2021 is as follows:

 

 

 

Three Months Ended
March 31,

 

(in thousands, except per share amounts)

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

Net income

 

$

12,293

 

 

$

1,668

 

Denominator:

 

 

 

 

 

 

Weighted average shares - basic

 

 

414,739

 

 

 

406,170

 

Dilutive impact of stock options, restricted stock
  awards and restricted stock units

 

 

12,639

 

 

 

23,407

 

Weighted average shares - diluted

 

 

427,378

 

 

 

429,577

 

Earnings per share:

 

 

 

 

 

 

Basic

 

$

0.03

 

 

$

0.00

 

Diluted

 

$

0.03

 

 

$

0.00

 

 

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
March 31,

 

(in thousands)

 

2022

 

 

2021

 

Stock options and restricted stock units

 

 

4,902

 

 

 

531