Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Schedule of Allowance for Doubtful Accounts

The following table summarizes the activity of the Company’s allowance for doubtful accounts:

(in thousands)	Balance as of the Beginning of the Year		Charges to Operations		Deductions			Balance as of the End of the Year
Year ended December 31, 2023:
Allowance for doubtful accounts (1)	$	514	$	1,321	$	(1,365	)	$	470
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

(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)	2023		2022		2021
Net income	$	64,315	$	68,229	$	35,770
Denominator for basic earnings per share		35,566		35,179		35,655
Incremental common shares attributable to outstanding restricted stock units		403		522		407
Incremental common shares attributable to exercise of dilutive options		4		17		39
Denominator for diluted earnings per share		35,973		35,718		36,101
Earnings per share:
Basic	$	1.81	$	1.94	$	1.00
Diluted	$	1.79	$	1.91	$	0.99

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

As of December 31, 2023, the unrecognized compensation costs and remaining weighted-average amortization periods related to stock-based awards were as follows:

(in thousands)	Restricted Stock Units		Performance- Based Stock Units
Unrecognized compensation cost	$	21,869	$	4,813
Remaining weighted-average amortization period	2.5 years		1.8 years

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