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Net Income per Share (Tables)

9 Months Ended

Sep. 30, 2023

Computation of Basic and Diluted 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				Nine Months Ended
	September 30,				September 30,
	2023		2022		2023		2022

Numerator:
Net income attributable to Vicor Corporation	$	16,582	$	1,792	$	44,927	$	17,384
Denominator:
Denominator for basic net income per share-weighted average shares (1)		44,433		44,031		44,275		43,986
Effect of dilutive securities:
Employee stock options (2)		754		867		725		920
Denominator for diluted net income per share – adjusted weighted-average shares and assumed conversions		45,187		44,898		45,000		44,906

Basic net income per share	$	0.37	$	0.04	$	1.01	$	0.40
Diluted net income per share	$	0.37	$	0.04	$	1.00	$	0.39

(1)

Denominator represents the weighted average number of shares of Common Stock and Class B Common Stock outstanding.

(2)

Options to purchase 1,012,045 and 1,473,749 shares of Common Stock for the three and nine months ended September 30, 2023, respectively, and options to purchase 1,037,640 and 772,240 shares of Common Stock for the three and nine months ended September 30, 2022, respectively, were not included in the calculations of net income per share as the effect would have been antidilutive.