Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Share (Tables)

v3.21.2
Net Income Per Share (Tables)
9 Months Ended
Sep. 30, 2021
Earnings Per Share [Abstract]  
Calculation of Diluted Net Income (Loss) Per Share
The following table presents the calculation of diluted net income per share available to common stockholders:
    Three months ended September 30, 2021 Three months ended September 30, 2020 Nine months ended September 30, 2021 Nine months ended September 30, 2020
Net income available to the Company's common stockholders - Basic $ 42,133  $ 22,223  $ 159,470  $ 93,750 
Plus (less): effect of participating securities 334  440  1,735  1,895 
Net income available to common stockholders 42,467  22,663  161,205  95,645 
Less: effect of participating securities (334) (440) (1,735) (1,895)
Net income available to the Company's common stockholders - Diluted $ 42,133  $ 22,223  $ 159,470  $ 93,750 
Shares:
Weighted-average shares used to compute basic net income per share 50,249,162  39,306,263  46,301,147  39,154,788 
Adjustment to reflect conversion of convertible notes —  3,835,950  —  3,451,385 
Adjustment to reflect stock appreciation right conversions 314,289  482,127  438,664  501,816 
Weighted-average shares used to compute diluted net income per share 50,563,451  43,624,340  46,739,811  43,107,989 
Net income per share available to common stockholders - Diluted
Diluted net income $ 0.83  $ 0.51  $ 3.41  $ 2.17