Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

v3.22.0.1
Earnings Per Share
12 Months Ended
Dec. 31, 2021
Earnings Per Share  
Earnings Per Share

11. Earnings Per Share

The following table reconciles the numerators and denominators used in computations of the basic and diluted EPS:

Year Ended December 31, 

    

2021

    

2020

    

2019

Numerator:

 

  

 

  

 

  

Net Income (basic and diluted)

$

29,308

$

20,453

$

23,307

Denominator:

 

 

 

Weighted‑average common shares outstanding

 

148,309

 

138,072

 

139,650

Dilutive effect of stock based awards

 

11,955

 

7,372

 

3,396

Weighted‑average dilutive shares outstanding

 

160,264

 

145,443

 

143,046

Basic earnings per share

$

0.20

$

0.15

$

0.17

Diluted earnings per share

$

0.18

$

0.14

$

0.16

Approximately 1.4 million, 7.5 million, and 9.3 million weighted average shares issuable under stock-based awards were not included in the diluted EPS calculation for the years ended December 31, 2021, 2020 and 2019, respectively, because they were antidilutive.