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Basic and Diluted Net Income Per Share (Tables)
12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Summary of Computation of Basic and Diluted Net Income Per Share

The following table sets forth the computation of basic and diluted net income per share (in thousands except per share amounts):

 

 

Years Ended

 

 

 

2021

 

 

2020

 

 

2019

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

24,501

 

 

$

5,913

 

 

$

14,048

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares:

 

 

 

 

 

 

 

 

 

 

 

 

Common shares outstanding

 

 

47,213

 

 

 

45,616

 

 

 

44,504

 

Less:  Unvested restricted stock

 

 

(3

)

 

 

(11

)

 

 

(11

)

Denominator for basic calculation

 

 

47,210

 

 

 

45,605

 

 

 

44,493

 

Weighted average effects of potentially diluted common stock:

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

2,145

 

 

 

2,272

 

 

 

2,254

 

Unvested restricted stock

 

 

5

 

 

 

4

 

 

 

6

 

RSUs

 

 

86

 

 

 

71

 

 

 

142

 

PSUs

 

 

10

 

 

 

1

 

 

 

 

Denominator for diluted calculation

 

 

49,456

 

 

 

47,953

 

 

 

46,895

 

Net income per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.52

 

 

$

0.13

 

 

$

0.32

 

Diluted

 

$

0.50

 

 

$

0.12

 

 

$

0.30

 

Schedule of Anti-dilutive Securities Excluded from Computation of Earnings Per Share

 

 

Years Ended

 

 

 

2021

 

 

2020

 

 

2019

 

Stock options

 

 

228

 

 

 

20

 

 

 

1,503

 

Restricted stock, RSUs and PSUs

 

 

6

 

 

 

 

 

 

 

Total

 

 

234

 

 

 

20

 

 

 

1,503