Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Net Income per Share (Tables)

v3.20.4
Net Income per Share (Tables)
12 Months Ended
Dec. 31, 2020
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table provides the computation of basic and diluted net income per share attributable to common stockholders for the years ended December 31, 2020, 2019 and 2018 (in thousands, except share and per share amounts):
 
  For the Years Ended December 31,
  2020 2019 2018
Net income $ 4,172  $ 8,006  $ 2,640 
Deemed dividends on preferred stock and amortization of beneficial conversion feature —  —  5,627 
Gain on redemption of preferred stock —  —  (9,075)
Net income attributable to common stockholders $ 4,172  $ 8,006  $ 6,088 
Basic weighted average common shares outstanding 108,579  100,470  85,618 
Dilutive effect of stock options 3,010  2,862  2,412 
Dilutive effect of restricted stock awards 205  283  238 
Dilutive effect of preferred stock —  —  3,300 
Diluted weighted average shares outstanding 111,794  103,615  91,568 
Basic net income per share attributable to common stockholders $ 0.04  $ 0.08  $ 0.07 
Diluted net income per share attributable to common stockholders $ 0.04  $ 0.08  $ 0.07 
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
The following potential dilutive shares were excluded from the calculation of diluted net loss per share because the effect of including these potential shares was anti-dilutive for the years ended December 31, 2020, 2019 and 2018:
For the Years Ended December 31,
2020 2019 2018
Convertible notes 3,723  —  —