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Summary Of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2022
Accounting Policies [Abstract]  
Schedule of Allowance for Doubtful Accounts

The following table summarizes the activity in the Company’s allowance for doubtful accounts during 2022, 2021 and 2020:

 

 

 

Balance at

 

 

 

 

 

 

 

 

Balance at

 

 

 

Beginning

 

 

Charges to

 

 

 

 

 

End of

 

(in thousands)

 

of Period

 

 

Operations

 

 

Deductions

 

 

Period

 

Year ended December 31, 2022:

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for doubtful accounts(1)

 

$

788

 

 

 

489

 

 

 

(763

)

 

$

514

 

Year ended December 31, 2021:

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for doubtful accounts(1)

 

$

1,371

 

 

 

 

 

 

(583

)

 

$

788

 

Year ended December 31, 2020:

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for doubtful accounts(1)

 

$

10,085

 

 

 

2,160

 

 

 

(10,874

)

 

$

1,371

 

 

(1)
Deductions in the allowance for doubtful accounts represent write-offs, net of recoveries, of amounts determined to be uncollectible.
Calculation of Basic and Diluted Earnings per Share

The following table sets forth the calculation of basic and diluted earnings per share.

 

 

 

Year Ended
December 31,

 

(in thousands, except per share data)

 

2022

 

 

2021

 

 

2020

 

Net income

 

$

68,229

 

 

$

35,770

 

 

$

14,055

 

Denominator for basic earnings per share – weighted-average
   number of common shares outstanding during the period

 

 

35,179

 

 

 

35,655

 

 

 

36,524

 

Incremental common shares attributable to exercise of dilutive
   options

 

 

17

 

 

 

39

 

 

 

36

 

Incremental common shares attributable to outstanding restricted stock units

 

 

522

 

 

 

407

 

 

 

257

 

Denominator for diluted earnings per share

 

 

35,718

 

 

 

36,101

 

 

 

36,817

 

Basic earnings per share

 

$

1.94

 

 

$

1.00

 

 

$

0.38

 

Diluted earnings per share

 

$

1.91

 

 

$

0.99

 

 

$

0.38

 

 

Schedule of Unrecognized Compensation Cost and Remaining Weighted-Average Amortization Stock-Based Awards

As of December 31, 2022, the unrecognized compensation cost and remaining weighted-average amortization period related to stock-based awards were as follows:

 

(in thousands)

 

Restricted
Stock Units

 

 

Performance-
based
Restricted
Stock Units
(1)

 

Unrecognized compensation cost

 

$

21,578

 

 

$

6,125

 

Remaining weighted-average amortization period

 

2.5 years

 

 

1.6 years

 

 

(1)
Based on the probable achievement of the performance goals identified in each award.