Income (Loss) per Share (Tables)

3 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

Reconciliation of the Basic and Diluted Income (loss) Per Share Computations

The following table presents the calculation of basic and diluted income (loss) per share for the first quarters of 2023 and 2022:

	Three Months Ended March 31,
	2023			2022
	(in thousands, except per share data)
Net income (loss) attributable to Fulgent	$	(15,340	)	$	153,979
Weighted-average common shares—outstanding, basic		29,536			30,234
Weighted-average common shares—outstanding, diluted		29,536			31,240
Net income (loss) per common share, basic	$	(0.52	)	$	5.09
Net income (loss) per common share, diluted	$	(0.52	)	$	4.93

Anti-dilutive Securities Excluded from Calculation of Diluted Income (Loss) Per Share

The following securities have been excluded from the calculation of diluted income (loss) per share because their effect would have been anti-dilutive:

	Three Months Ended March 31,
	2023		2022
	(in thousands)
Options		211		5
Restricted Stock Units		2,040		352
Contingently Issuable Shares		371		—