Quarterly report pursuant to Section 13 or 15(d)

NET INCOME (LOSS) PER SHARE

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NET INCOME (LOSS) PER SHARE
 6 Months Ended
Jun. 30, 2021
Earnings Per Share [Abstract]  
NET INCOME (LOSS) PER SHARE NET INCOME (LOSS) PER SHARE
Basic net income (loss) per share is computed by dividing net income (loss) attributable to Class A and Class B common stockholders by the weighted-average number of shares of each respective class of common stock outstanding during the period. Diluted net income (loss) per share is computed by dividing net income (loss) attributable to Class A and Class B common stockholders by the weighted-average number of each respective class of common stock outstanding, including the potential dilutive securities. For the calculation of diluted net income (loss) per share, net income (loss) attributable to Class A and Class B common stockholders is adjusted to reflect the potential effect of dilutive securities.
As result of the reverse recapitalization, the Company has retroactively adjusted the weighted average shares outstanding prior to the Business Combination to give effect to the Exchange Ratio used to determine the number of shares of common stock into which they were converted.
The following table sets forth the computation of basic and diluted net income (loss) attributable to Class A and Class B common stockholders per share (in thousands except per share data):

Three Months Ended June 30, 2021 Three Months Ended June 30, 2020
Class A Class B Class A Class B
Numerator
Net income (loss) attributable to common stockholders – basic $ (5,893) $ (1,142) $ 10,317  $ 2,642 
Potential dilutive effect of stock options —  —  55  (55)
Net income (loss) attributable to common stockholders – diluted $ (5,893) $ (1,142) $ 10,372  $ 2,587 
Denominator
Weighted average shares of common stock outstanding - basic 83,167  16,130  74,094  18,977 
Potential dilutive effect of stock options —  —  7,188  1,301 
Weighted average shares of common stock outstanding - diluted 83,167  16,130  81,282  20,278 
Net income (loss) attributable to common stockholders per share
Basic $ (0.07) $ (0.07) $ 0.14  $ 0.14 
Diluted $ (0.07) $ (0.07) $ 0.13  $ 0.13 
Six Months Ended June 30, 2021 Six Months Ended June 30, 2020
Class A Class B Class A Class B
Numerator
Net income (loss) attributable to common stockholders – basic $ (932) $ (185) $ 14,687  $ 3,764 
Potential dilutive effect of stock options —  —  57  (57)
Net income (loss) attributable to common stockholders – diluted $ (932) $ (185) $ 14,744  $ 3,707 
Denominator
Weighted average shares of common stock outstanding - basic 81,121  16,130  74,046  18,977 
Potential dilutive effect of stock options —  —  6,083  1,171 
Weighted average shares of common stock outstanding - dilutive 81,121  16,130  80,129  20,148 
Net income (loss) attributable to common stockholders per share
Basic $ (0.01) $ (0.01) $ 0.20  $ 0.20 
Diluted $ (0.01) $ (0.01) $ 0.18  $ 0.18 

For the periods presented above, the net income (loss) per share amounts are the same for Class A and Class B common stock because the holders of each class are entitled to equal per share dividends or distributions in liquidation in accordance with the Certificate of Incorporation. The undistributed earnings (losses) for each period are allocated based on the contractual participation rights of the Class A and Class B common stock as if the earnings (losses) for the period had been distributed. As the liquidation and dividend rights are identical, the undistributed earnings (losses) are allocated on a proportionate basis.
The following equity awards outstanding at the end of each period presented have been excluded from the computation of diluted net income (loss) per share of common stock for the periods presented due to their anti-dilutive effect:
Three Months Ended June 30, Six Months Ended June 30, 2021
2021 2020 2021 2020
Stock options 15,696  587  15,696  2,630 
Public Warrants 7,175  —  7,175  — 
Private Warrants 3,821  —  3,821  — 
Earnout Shares 15,000  —  15,000  — 
41,692  587  41,692  2,630