Net Income per Share |
Net Income per Share The following table sets forth the computation of basic and diluted net income per share attributable to common stockholders for the three and six months ended June 30, 2025 and 2024: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2025 | | 2024 | | 2025 | | 2024 | | | | | | | | | | (in thousands, except per share data) | Basic net income per share: | | | | | | | | Numerator | | | | | | | | Net income attributable to common stockholders | $ | 1,034 | | | $ | 2,902 | | | $ | 1,651 | | | $ | 7,989 | | Denominator | | | | | | | | Weighted average common shares outstanding | 118,866 | | | 119,206 | | | 119,157 | | | 119,066 | | Basic net income per share attributable to common stockholders | $ | 0.01 | | | $ | 0.02 | | | $ | 0.01 | | | $ | 0.07 | | | | | | | | | | Diluted net income per share: | | | | | | | | Numerator | | | | | | | | Net income attributable to common stockholders | $ | 1,034 | | | $ | 2,902 | | | $ | 1,651 | | | $ | 7,989 | | Denominator | | | | | | | | Basic weighted average common shares outstanding | 118,866 | | | 119,206 | | | 119,157 | | | 119,066 | | Dilutive effect of employee share awards outstanding | 137 | | | 125 | | | 488 | | | 322 | | Diluted weighted average common shares outstanding | 119,003 | | | 119,331 | | | 119,645 | | | 119,388 | | Diluted net income per share attributable to common stockholders | $ | 0.01 | | | $ | 0.02 | | | $ | 0.01 | | | $ | 0.07 | |
The following potentially dilutive outstanding securities were excluded from the computation of diluted net income per share because their effect would have been anti-dilutive for the periods presented, or issuance of such shares is contingent upon the satisfaction of certain conditions that were not satisfied by the end of the periods: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2025 | | 2024 | | 2025 | | 2024 | | | | | | | | | | (in thousands) | Stock options | 4,898 | | | 124 | | | 2,550 | | | 124 | | Time-based restricted stock units | 3,484 | | | 1,318 | | | 1,213 | | | 436 | | Performance-based restricted stock units | 87 | | | 714 | | | 374 | | | 714 | | Total | 8,469 | | | 2,156 | | | 4,137 | | | 1,274 | |
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