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Net Income (Loss) Per Share (Tables)
9 Months Ended
Sep. 30, 2021
Earnings Per Share [Abstract]  
Reconciliation of Basic and Diluted Net Income (Loss) per Share

The following table is a reconciliation of the numerator and denominator in the basic and diluted net income (loss) per share calculation (in thousands, except per share data) for the three and nine months ended September 30, 2021 and 2020:

 

 

 

Three months ended September 30,

 

 

Nine months ended September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Net income (loss)

 

$

(5,896

)

 

$

(115

)

 

$

(32,400

)

 

$

(9,042

)

Weighted average number of shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

27,201

 

 

 

21,592

 

 

 

26,484

 

 

 

21,532

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options, restricted stock units and share awards

 

 

 

 

 

 

 

 

 

 

 

 

Diluted

 

 

27,201

 

 

 

21,592

 

 

 

26,484

 

 

 

21,532

 

Net income (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.22

)

 

$

(0.01

)

 

$

(1.22

)

 

$

(0.42

)

Diluted

 

$

(0.22

)

 

$

(0.01

)

 

$

(1.22

)

 

$

(0.42

)

Potential Common Stock not Included Diluted Net Income (Loss) Per Share Calculation

The following table sets forth potential common stock that is not included in the diluted net income (loss) per share calculation above because their effect would be anti-dilutive for the periods indicated (in thousands):

 

 

 

Three months ended September 30,

 

 

Nine months ended September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Outstanding stock options

 

 

389

 

 

 

148

 

 

 

651

 

 

 

286

 

Unvested restricted stock units

 

 

312

 

 

 

12

 

 

 

232

 

 

 

16