Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

v3.24.0.1
Earnings Per Share
12 Months Ended
Dec. 31, 2023
Earnings Per Share  
Earnings Per Share

12. Earnings Per Share

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

Year Ended December 31, 

    

2023

    

2022

    

2021

Numerator:

 

  

 

  

 

  

Net Income (basic and diluted)

$

71,466

$

43,268

$

29,308

Denominator:

 

 

 

Weighted‑average common shares outstanding

 

167,803

 

163,882

 

148,309

Dilutive effect of stock based awards

 

5,632

 

6,873

 

11,955

Weighted‑average dilutive shares outstanding

 

173,435

 

170,755

 

160,264

Basic earnings per share

$

0.43

$

0.26

$

0.20

Diluted earnings per share

$

0.41

$

0.25

$

0.18

Approximately 7.7 million, 5.1 million, and 1.4 million weighted average shares issuable under stock-based awards were not included in the diluted EPS calculation for the years ended December 31, 2023, 2022 and 2021, respectively, because they were antidilutive.