| Schedule of Changes in Stockholders' Equity |
Changes in stockholders’ equity for the three months ended March 31, 2024 and 2023 were as follows:
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Three Months Ended March 31, 2024 |
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Common Stock |
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Additional
Paid-in |
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Retained |
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Total
Stockholders’ |
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Number |
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Amount |
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Capital |
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Earnings |
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Equity |
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(in thousands, except share data) |
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Beginning balance |
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71,290,708 |
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$ |
72 |
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$ |
116,713 |
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$ |
268,355 |
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$ |
385,140 |
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Issuance of Class A common stock from exercise of
stock options and vesting of restricted stock units |
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56,171 |
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— |
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(145 |
) |
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— |
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(145 |
) |
Repurchases of Class A common stock |
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(530,007 |
) |
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(1 |
) |
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— |
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(8,118 |
) |
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(8,119 |
) |
Equity-based
compensation |
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— |
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— |
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2,559 |
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— |
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2,559 |
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Cumulative translation
adjustment |
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— |
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— |
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— |
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(425 |
) |
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(425 |
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Net income |
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— |
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— |
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— |
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10,873 |
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10,873 |
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Ending balance |
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70,816,872 |
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$ |
71 |
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$ |
119,127 |
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$ |
270,685 |
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$ |
389,883 |
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Three Months Ended March 31, 2023 |
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Common Stock |
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|
Additional
Paid-in |
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Retained |
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Total
Stockholders’ |
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Number |
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Amount |
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Capital |
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Earnings |
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Equity |
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(in thousands, except share data) |
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Beginning balance |
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73,363,629 |
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$ |
74 |
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$ |
110,338 |
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$ |
269,161 |
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$ |
379,573 |
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Issuance of Class A common stock from exercise of
stock options and vesting of restricted stock units |
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36,144 |
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— |
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161 |
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— |
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161 |
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Equity-based
compensation |
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— |
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— |
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1,278 |
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— |
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1,278 |
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Cumulative translation
adjustment |
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— |
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— |
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— |
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|
755 |
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|
755 |
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Net income |
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— |
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— |
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— |
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14,172 |
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14,172 |
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Ending balance |
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73,399,773 |
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$ |
74 |
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$ |
111,777 |
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$ |
284,088 |
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$ |
395,939 |
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