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Net Income Per Share
 6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Net Income Per Share Net Income Per Share
The following table presents the Company’s basic net income per share (in thousands, except per share amounts):
Three Months Ended
June 30,		Six Months Ended
June 30,
2024202320242023
Net income per share, basic:
Net income
$7,014 $14,380 $509 $19,391 
Weighted average shares of Class A and Class B common stock outstanding99,171 100,212 99,066 102,225 
Net income per share, basic
$0.07 $0.14 $0.01 $0.19 
The following table presents the Company’s diluted net income per share (in thousands, except per share amounts):
Three Months Ended
June 30,		Six Months Ended
June 30,
2024202320242023
Net income per share, diluted:
Numerator:
Net income
$7,014 $14,380 $509 $19,391 
Denominator:
Weighted average shares of Class A and Class B common stock outstanding, basic99,171 100,212 99,066 102,225 
Effect of dilutive securities:
Options to purchase common stock3,758 4,877 3,957 5,111 
Unvested restricted stock units90 330 165 351 
Employee stock purchase plan26 — 20 3 
Weighted average shares of Class A and Class B common stock outstanding, diluted103,045 105,419 103,208 107,690 
Net income per share, diluted
$0.07 $0.14 $0.00 $0.18 
The weighted average number of potentially dilutive common stock equivalents of 8.0 million and 6.8 million were excluded from the computation of diluted net income per share during the three and six months ended June 30, 2024, respectively, because their inclusion would have been anti-dilutive. The weighted average number of potentially dilutive common stock equivalents of 6.7 million and 6.3 million were excluded from the computation of diluted net income per share during the three and six months ended June 30, 2023, respectively, because their inclusion would have been anti-dilutive.
In April 2021, the Company granted a restricted stock unit (“RSU”) award (the “CEO Performance Award”), which included service, market, and performance-based vesting conditions. The CEO Performance Award is excluded from the above table because none of the market conditions had been met as of June 30, 2023. Additionally, in December 2023, the Company entered into a Cancellation Agreement with the CEO, which provided for the cancellation of the 1.4 million RSUs included in the CEO Performance Award. For more information on the Cancellation Agreement, please see Note 10.