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Net (Loss) Income per Share (Tables)
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Schedule of Computations of Basic and Diluted Earnings Per Share

The following table set forth the computations of basic and diluted (loss) earnings per share:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

(in thousands)

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Net (loss) income

 

$

(301

)

 

$

870

 

 

$

(1,938

)

 

$

6,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares used in computing basic earnings per share

 

 

41,723

 

 

 

40,615

 

 

 

41,580

 

 

 

40,386

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effect of weighted average dilutive stock-based awards

 

 

-

 

 

 

1,594

 

 

 

-

 

 

 

2,005

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares used in computing diluted earnings per share

 

 

41,723

 

 

 

42,209

 

 

 

41,580

 

 

 

42,391

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income per share—basic and diluted

 

 

 

 

 

 

 

 

 

 

 

 

         Basic

 

$

(0.01

)

 

$

0.02

 

 

$

(0.05

)

 

$

0.15

 

         Diluted

 

$

(0.01

)

 

$

0.02

 

 

$

(0.05

)

 

$

0.14

 

Outstanding Common Shares Excluded from Computation of Dilutive Earnings (Loss) per Share

The following outstanding common shares have been excluded from the computation of dilutive (loss) earnings per share as of the periods indicated because such securities are anti-dilutive:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

(shares in thousands)

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Options outstanding

 

 

1,548

 

 

 

145

 

 

 

1,548

 

 

 

122

 

Restricted stock units outstanding

 

 

5,892

 

 

 

68

 

 

 

5,892

 

 

 

68