Quarterly report pursuant to Section 13 or 15(d)

Net Income per Share

Net Income per Share

3 Months Ended

Mar. 31, 2022

Note 11. Net Income per Share

The computation of basic net income per share is based on the weighted-average number of shares of common stock outstanding during each period. The computation of diluted net income per share is based on the weighted-average number of shares outstanding during the period plus, when their effect is dilutive, incremental shares consisting of shares subject to stock options, restricted stock units, employee stock purchase plan purchase rights and warrants.

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


	Three Months Ended March 31,
	2022		2021
Numerator:
Net income	$	387	$	79
Denominator:
Weighted-average shares outstanding, basic		12,156,968		11,584,605
Weighted-average shares outstanding, diluted		12,315,806		11,898,362
Net income per share, basic	$	0.03	$	0.01
Net income per share, diluted	$	0.03	$	0.01
Anti-dilutive employee share-based awards, excluded		952,776		544,815