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Note 9 - Net Loss Per Share
6 Months Ended
Jun. 30, 2020
Notes to Financial Statements  
Earnings Per Share [Text Block]

Note 9. Net Loss Per Share

 

Basic net loss per share is computed using the weighted-average number of shares outstanding during the period. In periods of net income, diluted shares outstanding include the dilutive effect of in-the-money equity awards (stock options, restricted stock units, performance stock units and employee stock purchase plan contributions), which is calculated based on the average share price for each fiscal period using the treasury stock method.

 

Diluted earnings per share is the same as basic earnings per share for the periods in which the Company had a net loss because the inclusion of outstanding common stock equivalents would be anti-dilutive.

 

The following table sets forth the computation of basic and diluted net loss and the weighted average number of shares used in computing basic and diluted net loss per share (in thousands, except per share data):

 

   

Three Months Ended

June 30,

   

Six Months Ended

June 30,

 
   

2020

   

2019

   

2020

   

2019

 

Numerator:

                               

Net income (loss)

  $ (11,394 )   $ 588     $ (23,808 )   $ (7,632 )

Denominator:

                               

Weighted average shares of common stock outstanding used in computing net income (loss) per share, basic

    17,055       14,086       15,744       14,051  

Dilutive effect of incremental shares and share equivalents

    -       270       -       -  

Weighted average shares of common stock outstanding used in computing net loss per share, diluted

    17,055       14,356       15,744       14,051  

Net loss per share:

                               

Net income (loss) per share, basic and diluted

  $ (0.67 )   $ 0.04     $ (1.51 )   $ (0.54 )

 

The following numbers of shares outstanding, prior to the application of the treasury stock method, were excluded from the computation of diluted net loss per common share for the periods presented because including them would have had an anti-dilutive effect (in thousands):

 

   

Three Months Ended

June 30,

   

Six Months Ended

June 30,

 
   

2020

   

2019

   

2020

   

2019

 

Options to purchase common stock

    231       192       253       466  

Restricted stock units

    803       178       736       460  

Performance stock units

    71    

 

-       145       162  

Employee stock purchase plan shares

    58    

 

-       58       94  

Total

    1,163       370       1,192       1,182