Net Income Per Share (Tables)

9 Months Ended

Sep. 30, 2023

Reconciliation of Common Shares Used for Basic and Diluted Earnings Per Share

The following table provides a reconciliation of the weighted average shares denominator used for basic net income per share to the denominator used for diluted net income per share:


	Three Months Ended September 30,		Nine Months Ended September 30,
	2023	2022	2023	2022
Basic weighted average shares outstanding denominator	45,635,373	45,307,019	45,652,555	45,847,306
Effect of potential dilutive shares :


Restricted stock units	125,035	179,293	152,431	105,114
Performance stock units (1)	1,050,327	360,093	981,457	403,674
Diluted weighted average shares outstanding denominator	46,810,735	45,846,405	46,786,443	46,356,094
Anti-dilutive shares excluded from the above reconciliation:

Warrants	—	4,877,617	—	4,877,617
Restricted stock units	125,035	157,991	127,149	214,941
Performance stock units (1)	—	—	51,909	—

(1) Performance stock units are reflected based on the performance metrics through the balance sheet date. Vesting of these units is contingent upon meeting certain performance metrics. Although a portion of these performance metrics have been achieved as of the respective period end, it is possible that awards may no longer meet the metric at the end of the performance period.

Schedule of Earnings Per Share, Basic and Diluted

The following table provides a reconciliation of net income attributable to common stockholders to the numerator in the basic and diluted earnings per share calculation, together with the resulting earnings per share amounts:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Net income (loss) attributable to common stockholders	$	66	$	340	$	19	347
Adjustment to redemption value (ASC 480)	—		—		—		—
Numerator of basic and diluted EPS	$	66	$	340	$	19	347
Per Share:
Basic	$	1.44	$	7.50	$	0.42	$	7.56
Diluted	$	1.41	$	7.41	$	0.41	$	7.48