Note 14 - Net Loss Per Share

6 Months Ended

Mar. 31, 2025

Notes to Financial Statements

Earnings Per Share [Text Block]

14. Net Loss per Share

The calculations of basic and diluted net loss per share and basic and diluted weighted average shares outstanding are as follows for the three and six months ended March 31, 2025 and 2024 (in thousands, except per share data):

	Three Months Ended						Six Months Ended
	March 31,						March 31,
	2025			2024			2025			2024
Loss from continuing operations	$	(18,185	)	$	(16,202	)	$	(27,606	)	$	(23,394	)
Loss from discontinued operations, net of tax		(22,271	)		(120,678	)		(26,190	)		(129,210	)
Net loss		(40,456	)		(136,880	)		(53,796	)		(152,604	)
Weighted average common shares outstanding used in computing basic loss per share		45,732			55,440			45,658			56,078
Weighted average common shares outstanding used in computing diluted loss per share		45,732			55,440			45,658			56,078
Basic net loss per share:
Loss from continuing operations	$	(0.40	)	$	(0.29	)	$	(0.60	)	$	(0.42	)
Loss from discontinued operations, net of tax		(0.49	)		(2.18	)		(0.57	)		(2.30	)
Basic net loss per share	$	(0.88	)	$	(2.47	)	$	(1.18	)	$	(2.72	)
Diluted net loss per share:
Loss from continuing operations	$	(0.40	)	$	(0.29	)	$	(0.60	)	$	(0.42	)
Loss from discontinued operations, net of tax		(0.49	)		(2.18	)		(0.57	)		(2.30	)
Diluted net loss per share	$	(0.88	)	$	(2.47	)	$	(1.18	)	$	(2.72	)

As a result of incurring a net loss from continuing operations for the three and six months ended March 31, 2025 and 2024, outstanding restricted stock units and shares issued by the Company under the employee stock purchase plan were excluded from the computation of diluted loss per share as their effect would be antidilutive to earnings per share for continuing operations based on the treasury stock method. The following table contains all potentially dilutive common stock equivalents for the three and six months ended March 31, 2025 and 2024.

	Three Months Ended March 31,				Six Months Ended March 31,
	2025		2024		2025		2024
Time-based restricted stock units		81,167		78,361		110,447		89,752
Performance-based restricted stock units		83,071		68,042		70,898		45,177
Employee stock purchase plan		6,714		—		3,243		—
		170,952		146,403		184,588		134,929