Net Income (Loss) Per Share

9 Months Ended

Sep. 30, 2021

Earnings Per Share [Abstract]

Net Income (Loss) Per Share

Note 2. Net Income (Loss) Per Share

The following table summarizes the computation of basic and diluted net loss (income) per share attributable to common stockholders of the Company:

	Three Months Ended September 30,					Nine Months Ended September 30,
	2021		2020			2021		2020
	(in thousands, except per share data)
Net income (loss) attributable to common stockholders	$	13,960	$	(667	)	$	12,418	$	(11,363	)
Weighted-average shares outstanding
Weighted average shares used to compute basic net income (loss) per share		19,149		16,818			18,658		15,737
Dilutive effect of employee equity incentive plans		2,103		—			2,112		—
Weighted average shares used to compute diluted net income (loss) per share		21,252		16,818			20,770		15,737
Net income (loss) attributable to common stockholders per share, basic	$	0.73	$	(0.04	)	$	0.67	$	(0.72	)
Net income (loss) attributable to common stockholders per share, diluted	$	0.66	$	(0.04	)	$	0.60	$	(0.72	)

Potential dilutive securities include dilutive common shares from share-based awards attributable to the assumed exercise of restricted stock units using the treasury stock method. Under the treasury stock method, potential common shares outstanding are not included in the computation of diluted net income per share if their effect is anti-dilutive.

 

Anti-dilutive potential shares from share-based awards are excluded from the calculation of diluted earnings per share if either their exercise price exceeded the average market price during the period or the share-based awards were determined to be anti-dilutive based on applying the treasury stock method. During the three and nine months ended September 30, 2021, the Company had no potential shares and 5,350 potential shares from share-based awards that are anti-dilutive, respectively. During the three and nine months ended September 30, 2020, the Company had 2,835,076 and 2,902,824 potential shares from share-based awards that are anti-dilutive, respectively. Anti-dilutive potential shares from share-based awards are excluded from the calculation of diluted loss per share for the three and nine months ended September 30, 2020 due to the net losses reported in these periods.