Income Per Share

9 Months Ended

Sep. 30, 2022

Loss Per Share

Basic loss per share is calculated by dividing net loss available to common stockholders for the period by the weighted average number of common shares outstanding for the period.

Diluted loss per share is calculated by dividing net loss available to common stockholders for the period by the sum of (i) the weighted average number of common shares outstanding for the period, plus (ii) potentially dilutive securities outstanding during the period, if the effect is dilutive. Potentially dilutive securities for the periods presented include stock options, unvested restricted stock units (“RSUs”) and unvested performance stock units (“PSUs”).

The following table sets forth the computation of basic and diluted loss per share for the periods indicated (in thousands, except per share data):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Numerator:
Net loss	$	(3,455)	$	(5,219)	$	(15,565)	$	(18,745)
Denominator:
Weighted average number of common shares outstanding	34,211		33,427		33,968		33,182
Effect of dilutive options and stock units	—		—		—		—

Diluted weighted average number of common shares outstanding	34,211		33,427		33,968		33,182
Loss per share:
Basic	$	(0.10)	$	(0.16)	$	(0.46)	$	(0.56)
Diluted	$	(0.10)	$	(0.16)	$	(0.46)	$	(0.56)

The following table sets forth the number of stock options and stock units excluded from the computation of diluted loss per share for the periods indicated below because their effect was anti-dilutive (in thousands):


	Three Months Ended September 30,		Nine Months Ended September 30,
	2022	2021	2022	2021
Stock options	693	1,279	869	1,391
Stock units	3,244	972	3,068	1,170