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Net Income per Share
 6 Months Ended
Jun. 30, 2023
Earnings Per Share [Abstract]  
Net Income per Share

9. Net Income per Share

The following table sets forth the computation of basic and diluted net income per share (in thousands, except per share amounts):

 

 

Three Months Ended

 

 

Six Months Ended

 

 

June 30,

 

 

June 30,

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to Vicor Corporation

 

$

17,101

 

 

$

10,593

 

 

$

28,345

 

 

$

15,592

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic net income per share-weighted
   average shares (1)

 

 

44,230

 

 

 

43,973

 

 

 

44,196

 

 

 

43,963

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Employee stock options (2)

 

 

676

 

 

 

893

 

 

 

711

 

 

 

947

 

Denominator for diluted net income per share – adjusted
   weighted-average shares and assumed conversions

 

 

44,906

 

 

 

44,866

 

 

 

44,907

 

 

 

44,910

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income per share

 

$

0.39

 

 

$

0.24

 

 

$

0.64

 

 

$

0.35

 

Diluted net income per share

 

$

0.38

 

 

$

0.24

 

 

$

0.63

 

 

$

0.35

 

 

(1)
Denominator represents the weighted average number of shares of Common Stock and Class B Common Stock outstanding.
(2)
Options to purchase 1,574,000 and 1,307,000 shares of Common Stock for the three and six months ended June 30, 2023, respectively, and options to purchase 898,640 and 658,014 shares of Common Stock for the three and six months ended June 30, 2022, respectively, were not included in the calculations of net income per share as the effect would have been antidilutive.