Note 6 - Earnings Per Share

3 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Earnings Per Share [Text Block]

Note 6.  Earnings Per Share

Basic net loss per share has been computed using the weighted-average number of shares of common stock outstanding during the period. Diluted net loss per share has been computed using the weighted-average number of shares of common stock and dilutive potential common shares from stock options, restricted stock units and senior convertible notes outstanding during the period. In periods with net losses, normally dilutive shares become anti-dilutive. Therefore, basic and diluted earnings per share are the same.

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

	Three months ended March 31,
	2020			2019
Numerator:
Net loss	$	(16,797	)	$	(10,474	)
Denominator:
Weighted average shares used to compute net loss per share
Basic		20,208			19,863
Diluted		20,208			19,863
Net loss per share
Basic	$	(0.83	)	$	(0.53	)
Diluted	$	(0.83	)	$	(0.53	)

The following potentially dilutive securities were excluded from the diluted net loss per share as their effect would have been antidilutive (in thousands):

	Three months ended March 31,
	2020		2019
Employee stock options		26		93
Restricted stock units		22		10
Shares for convertible senior notes		4,587		4,587
Total antidilutive shares		4,635		4,690