Net Income (Loss) Per Share

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Net Income (Loss) Per Share

Note 2. Net Income (Loss) Per Share

The following table summarizes the computation of basic and diluted net loss (income) per share attributable to common stockholders of the Company:

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
	(in thousands, except per share data)
Net income (loss) attributable to common stockholders	$	12,859	$	2,023	$	18,999	$	(1,542	)
Weighted-average shares outstanding
Weighted average shares used to compute basic net income (loss) per share		21,148		18,942		21,035		18,408
Dilutive effect of employee equity incentive plans		1,573		1,951		1,701		—
Weighted average shares used to compute diluted net income (loss) per share		22,721		20,893		22,736		18,408
Net income (loss) attributable to common stockholders per share, basic	$	0.61	$	0.11	$	0.90	$	(0.08	)
Net income (loss) attributable to common stockholders per share, diluted	$	0.57	$	0.10	$	0.84	$	(0.08	)

Potential dilutive securities include dilutive common shares from share-based awards attributable to the assumed exercise of restricted stock unit awards using the treasury stock method. Under the treasury stock method, potential common shares outstanding are not included in the computation of diluted net income per share if their effect is anti-dilutive.
 

Anti-dilutive potential shares from share-based awards are excluded from the calculation of diluted earnings per share if either their exercise price exceeded the average market price during the period or the share-based awards were determined to be anti-dilutive based on applying the treasury stock method. During the three months ended June 30, 2022 and 2021, the Company had 231,349 and 5,198 potential shares from share-based awards that are anti-dilutive, respectively. During the six months ended June 30, 2022 and 2021, the Company had 211,667 and 2,078,581 potential shares from share-based awards that are anti-dilutive, respectively. Anti-dilutive potential shares from share-based awards are excluded from the calculation of diluted loss per share for the six months ended June 30, 2021 due to the net loss reported in this period.