| Summary of Computation of Basic and Diluted Net Income (Loss) per Share |
The following table summarizes the computation of basic and diluted net income (loss) per share (in thousands, except share and per share data):
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2022 |
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2021 |
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2022 |
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2021 |
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Numerator: |
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Net income (loss) |
$ |
4,033 |
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$ |
(949 |
) |
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$ |
7,430 |
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$ |
(1,120 |
) |
Denominator: |
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Weighted-average shares outstanding, basic |
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12,167,632 |
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11,680,413 |
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12,156,980 |
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11,634,422 |
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Dilutive effect of common stock equivalents |
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189,504 |
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— |
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149,859 |
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— |
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Weighted-average shares outstanding, diluted |
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12,357,136 |
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11,680,413 |
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12,306,839 |
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11,634,422 |
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Net income (loss) per share, basic |
$ |
0.33 |
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$ |
(0.08 |
) |
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$ |
0.61 |
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$ |
(0.10 |
) |
Net income (loss) per share, diluted |
$ |
0.33 |
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$ |
(0.08 |
) |
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$ |
0.60 |
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$ |
(0.10 |
) |
Anti-dilutive employee share-based awards, excluded |
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986,813 |
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416,161 |
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1,087,879 |
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557,301 |
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