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Net Income Per Share
 3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Net Income Per Share

9. Net Income Per Share

The following table presents the calculation of basic and diluted net income per share (amounts in thousands, except per share data):

 

 

 

Three Months Ended March 31,

 

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

 

 

Basic:

 

 

 

 

 

 

 

 

Net income

 

$

4,377

 

 

$

3,853

 

Diluted:

 

 

 

 

 

 

 

 

Net income

 

$

4,377

 

 

$

3,853

 

Denominator:

 

 

 

 

 

 

 

 

Basic shares:

 

 

 

 

 

 

 

 

Weighted-average shares outstanding used in computing basic net income per share

 

 

18,015,424

 

 

 

17,735,671

 

Diluted shares:

 

 

 

 

 

 

 

 

Effect of potentially dilutive securities:

 

 

 

 

 

 

 

 

Stock awards (1)

 

 

559,433

 

 

 

661,983

 

Weighted-average shares used in computing diluted net income per share

 

 

18,574,857

 

 

 

18,397,654

 

Net income per share:

 

 

 

 

 

 

 

 

Basic

 

$

0.24

 

 

$

0.22

 

Diluted

 

$

0.24

 

 

$

0.21

 

 

(1)   Includes early-exercised options.

The potentially dilutive shares of common stock outstanding that were excluded from the computation of diluted net income per share for the periods presented as the effect would have been antidilutive, was 13,000 and 30,000 for the three months ended March 31, 2022 and 2021, respectively.