Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2023

Schedule of Earnings Per Share, Basic and Diluted

The following table sets forth the computation of basic and diluted

EPS and a reconciliation of the weighted average number of common and common equivalent shares outstanding for the three months ended March 31, 2023 and 2022 (in thousands, except share and per share amounts):


	Three months ended March 31,
	2023		2022
Numerator:
Net income	$	1,909	$	8,899
Denominator:
Weighted-average shares—basic	166,773,335		164,406,142
Effect of dilutive stock options	14,843,572		26,559,931
Effect of dilutive restricted stock	1,236,839		2,413,202
Weighted-average shares—diluted	182,853,746		193,379,275

Earnings per share:
Basic earnings per share	$	0.01	$	0.05
Effect of dilutive stock options and restricted stock	—		—
Diluted earnings per share	$	0.01	$	0.05

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The Company excluded the following weighted average common equivalent shares from the computation of diluted earnings per share for the three months ended March 31, 2023 and 2022 because including them would have had an anti-dilutive effect:


	Three months ended March 31,
	2023	2022
Stock options to purchase common stock	9,074,968	3,161,837
Restricted stock units	1,757,455	1,021,834