Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share

v3.22.1
Net Loss Per Share
3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Net Loss Per Share

Note 3. Net Income (Loss) Per Share

Basic net income (loss) per share is calculated by dividing net income (loss) by the weighted average shares of common stock outstanding for the period. Diluted net income per share is calculated by dividing net income by the weighted average shares of common stock outstanding for the period plus amounts representing the dilutive effect of securities that are convertible into common stock. The Company calculates diluted net income per common share using the treasury stock method.

The following table presents the computation of net income (loss) per share (in thousands except per share data):

 

Three months ended March 31,

 

 

2022

 

2021

 

Numerator:

 

 

 

 

Net income (loss)

$

(2,521

)

$

237

 

Denominator:

 

 

 

 

Basic weighted average common shares outstanding

 

10,130

 

 

9,869

 

Plus dilutive effect of potential common shares

 

 

 

970

 

Diluted weighted average common shares outstanding

 

10,130

 

 

10,839

 

Net income (loss) per share:

 

 

 

 

Basic

$

(0.25

)

$

0.02

 

Diluted

$

(0.25

)

$

0.02

 

Potentially dilutive securities (in common stock equivalent shares) not included in the calculation of diluted net loss per share because to do so would be anti-dilutive are as follows (in thousands):

 

 

Three months ended March 31,

 

 

2022

 

2021

 

Stock options and restricted stock

 

1,960

 

 

371