Net Income (Loss) per Share

3 Months Ended

Mar. 31, 2024

5. Net Income (Loss) per Share

The Company calculates basic and diluted net income (loss) per common share by dividing the net income (loss) by the weighted average number of common shares outstanding during the period. The Company has excluded other potentially dilutive shares, which includes the effects of the assumed exercise of any outstanding common stock options and the assumed vesting of restricted stock units, where dilutive.

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


	Three Months Ended March 31,
(in thousands)	2024		2023
Net income (loss)	$	1,574	$	(11,714	)

Weighted average shares used in computing basic earnings per share		43,983		42,528

Effect of weighted average dilutive stock-based awards		115		-

Weighted average shares used in computing diluted earnings per share		44,098		42,528

Net income (loss) per share—basic and diluted
Basic	$	0.04	$	(0.28	)
Diluted	$	0.04	$	(0.28	)

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


	Three Months Ended March 31,
(shares in thousands)	2024		2023
Options outstanding		2,234		2,979
Restricted stock units outstanding		4,533		6,036