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Net Income (Loss) Per Share
12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share

12. Net Income (Loss) Per Share

The following table summarizes the calculation of basic and diluted net income (loss) per share (in thousands, except per share amounts):

 

 

Years Ended December 31,

 

 

 

2023

 

 

2022

 

 

2021

 

 

 

 

 

 

 

 

 

 

 

Numerator

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

(1,037

)

 

$

(53,946

)

 

$

100,960

 

Less: Net income attributable to noncontrolling interest

 

 

1,553

 

 

 

442

 

 

 

 

Net income (loss) attributable to Corsair Gaming, Inc.

 

 

(2,590

)

 

 

(54,388

)

 

 

100,960

 

Change in redemption value of redeemable noncontrolling interest

 

 

5,777

 

 

 

(6,536

)

 

 

 

Net income (loss) attributable to common stockholders of Corsair Gaming, Inc.

 

$

3,187

 

 

$

(60,924

)

 

$

100,960

 

Denominator

 

 

 

 

 

 

 

 

 

Basic weighted-average shares outstanding

 

 

102,482

 

 

 

96,280

 

 

 

93,260

 

Effect of dilutive securities

 

 

3,794

 

 

 

 

 

 

6,744

 

Total diluted weighted-average shares outstanding

 

 

106,276

 

 

 

96,280

 

 

 

100,004

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) per share attributable to common stockholders of Corsair Gaming, inc.

 

 

 

 

 

 

 

 

 

Basic

 

$

0.03

 

 

$

(0.63

)

 

$

1.08

 

Diluted

 

$

0.03

 

 

$

(0.63

)

 

$

1.01

 

 

 

 

 

 

 

 

 

 

 

Anti-dilutive potential common shares (1)

 

 

5,304

 

 

 

10,908

 

 

 

927

 

 

(1)
Potential common share equivalents were not included in the calculation of diluted net income (loss) per share as the effect would have been anti-dilutive.