Summary of Significant Accounting Policies (Tables)
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3 Months Ended |
Mar. 31, 2023 |
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| Accounting Policies [Abstract] |
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| Schedule of Other Receivables |
Other receivables consisted of the following for the periods presented:
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As of |
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March 31, 2023 |
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|
December 31, 2022 |
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Payroll tax withholding and exercise proceeds receivable |
$ |
85 |
|
|
$ |
273 |
|
Construction receivable |
|
6,462 |
|
|
|
6,199 |
|
Income tax receivable |
|
3,353 |
|
|
|
4,387 |
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Insurance receivable |
|
1,759 |
|
|
|
2,627 |
|
Other |
|
2,457 |
|
|
|
1,696 |
|
Total other receivables |
$ |
14,116 |
|
|
$ |
15,182 |
|
|
| Schedule of Inventory |
Inventory consisted of the following for the periods presented:
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As of |
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March 31, 2023 |
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|
December 31, 2022 |
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Chemical washing solutions |
$ |
8,391 |
|
|
$ |
9,357 |
|
Reserve for obsolescence |
|
(163 |
) |
|
|
(183 |
) |
Total inventory, net |
$ |
8,228 |
|
|
$ |
9,174 |
|
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| Schedule of Composition of Revenue |
The following table summarizes the composition of our net revenues for the periods presented:
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Three Months Ended March 31, |
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|
2023 |
|
|
2022 |
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Recognized over time |
$ |
156,891 |
|
|
$ |
140,874 |
|
Recognized at a point in time |
|
68,970 |
|
|
|
78,008 |
|
Other revenue |
|
99 |
|
|
|
537 |
|
Net revenues |
$ |
225,960 |
|
|
$ |
219,419 |
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| Schedule of Reconciliations of Numerators and Denominators of Basic and Diluted Net Income Per Share |
Reconciliations of the numerators and denominators of the basic and diluted net income per share calculations for the periods presented are as follows:
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Three Months Ended March 31, |
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|
2023 |
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|
2022 |
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Numerator: |
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Net income |
$ |
21,136 |
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|
$ |
35,488 |
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Denominator: |
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Weighted-average common shares outstanding - basic |
|
307,291,909 |
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|
300,931,453 |
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Effect of potentially dilutive securities: |
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Stock options |
|
19,798,577 |
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|
|
27,010,017 |
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Restricted stock units |
|
498,213 |
|
|
|
1,230,967 |
|
Employee stock purchase plan |
|
19,567 |
|
|
|
- |
|
Weighted-average common shares outstanding - diluted |
|
327,608,266 |
|
|
|
329,172,437 |
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|
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Net income per share - basic |
$ |
0.07 |
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$ |
0.12 |
|
Net income per share - diluted |
$ |
0.06 |
|
|
$ |
0.11 |
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| Schedule of Antidilutive Shares Excluded from Computation of Diluted Net Income Per Share |
The following potentially dilutive shares were excluded from the computation of diluted net income per share for the periods presented because including them would have been antidilutive:
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Three Months Ended March 31, |
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2023 |
|
|
2022 |
|
Stock options |
|
2,677,756 |
|
|
|
2,041,141 |
|
Restricted stock units |
|
356,400 |
|
|
|
- |
|
Employee stock purchase plan |
|
3,619 |
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|
|
- |
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|