Net Income Per Share (Tables)

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Computation of Basic and Diluted Net Income Per Share

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
	(in thousands, except share and per share amounts)
Numerator:
Net income	$	11,530	$	6,770	$	19,992	$	15,708
Denominator:
Weighted average shares outstanding, basic		167,546,450		164,427,770		166,940,589		163,195,976
Effect of potential dilutive shares		2,722,942		4,795,024		3,109,404		5,868,039
Weighted average shares outstanding, diluted		170,269,392		169,222,794		170,049,993		169,064,015
Net income per share, basic	$	0.07	$	0.04	$	0.12	$	0.10
Net income per share, diluted	$	0.07	$	0.04	$	0.12	$	0.09

Schedule of Common Shares Excluded from Computation of Diluted Net Income Per Share

The Company excluded the following potential shares of common stock, presented based on amounts outstanding at each period end, from the computation of diluted net income per share for the periods indicated because including them would have had an anti-dilutive effect:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Options to purchase shares		304,976		383,666		313,462		473,392
Unvested restricted stock units		2,776,295		1,535,412		1,686,442		913,466
Total		3,081,271		1,919,078		1,999,904		1,386,858