|
The following table provides a reconciliation of the computation for basic and diluted earnings per share for the three months ended March 31, 2022 and 2021, respectively (in thousands, except share and per share data):
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, |
|
|
2022 |
|
2021 |
Net income |
|
$ |
17,226 |
|
$ |
10,018 |
Reversal of loss on change in fair value of warrant liability |
|
|
- |
|
|
224 |
Net income adjusted for EPS - diluted |
|
$ |
17,226 |
|
$ |
10,242 |
|
|
|
|
|
|
|
Weighted-average number of shares outstanding - basic |
|
|
51,686,583 |
|
|
42,212,134 |
Additional shares from assumed stock-settled restricted stock units |
|
|
1,818,745 |
|
|
115,959 |
Additional shares from assumed exercise of public warrants |
|
|
481 |
|
|
1,869,098 |
Additional shares purchasable for employee stock purchase plan |
|
|
4,703 |
|
|
- |
Weighted-average number of shares outstanding - diluted |
|
|
53,510,512 |
|
|
44,197,191 |
|
|
|
|
|
|
|
Earnings per share – basic: |
|
$ |
0.33 |
|
$ |
0.24 |
Earnings per share – diluted: |
|
$ |
0.32 |
|
$ |
0.23 |
|
|
|
|
|
|
|
Anti-dilutive shares/units excluded from earnings per share - diluted: |
|
|
|
|
|
|
Additional shares from assumed exercise of Private Warrants |
|
|
188,913 |
|
|
- |
|