EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Summary of Computation of The Company's Basic and Diluted Net Earnings Per Share

The following table sets forth the computation of the Company’s basic and diluted net earnings per share for the three and nine months ended September 30, 2024 and 2023 (in thousands except share and per share data):

	Three months ended September 30,				Nine months ended September 30,
	2024		2023		2024		2023
Numerator:
Net income	$	867	$	4,287	$	4,359	$	10,925
Less: Redeemable Convertible Preferred Stock dividends		—		—		—		(314	)
Net income attributable to common shareholders — basic	$	867	$	4,287	$	4,359	$	10,611
Add: Redeemable Convertible Preferred Stock dividends		—		—		—		314
Net income attributable to common shareholders — diluted	$	867	$	4,287	$	4,359	$	10,925
Denominator
Weighted-average common shares used in computing    earnings per share — basic		33,072,097		29,768,568		30,893,602		18,608,708
Weighted-average effect of potentially dilutive securities:
Effect of potentially dilutive time-based stock options		363,581		204,686		412,309		651,996
Effect of potentially dilutive performance-based stock options		97,722		70,292		87,285		60,269
Effect of potentially dilutive restricted stock units		13,656		—		11,137		—
Effect of potentially dilutive redeemable convertible    preferred stock		—		—		—		4,233,620
Weighted-average common shares outstanding — diluted		33,547,056		30,043,546		31,404,333		23,554,593
Earnings per share — basic	$	0.03	$	0.14	$	0.14	$	0.57
Earnings per share — diluted	$	0.03	$	0.14	$	0.14	$	0.46

Summary of Company's Potentially Dilutive Securities Excluded

As of September 30, 2024, the Company’s potentially dilutive securities consisted of options to purchase common stock. Based on the amounts outstanding as of the three and nine months ended September 30, 2024 and 2023, the Company excluded the following potential common shares from the computation of diluted net income per share because including them would have had an anti-dilutive effect:

	Three months ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Time-based options outstanding		162,237		140,135		140,135		140,135
Total		162,237		140,135		140,135		140,135