Quarterly report pursuant to Section 13 or 15(d)

Net Income per Share

v3.20.2
Net Income per Share
9 Months Ended
Sep. 30, 2020
Earnings Per Share [Abstract]  
Net Income per Share

Note 8. 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 September 30,

 

 

Nine Months Ended September 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

566

 

 

$

446

 

 

$

1,445

 

 

$

471

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding, basic

 

 

11,423,079

 

 

 

11,449,946

 

 

 

11,383,860

 

 

 

11,275,195

 

     Dilutive effect of common stock equivalents

 

 

304,033

 

 

 

608,004

 

 

 

334,910

 

 

 

670,975

 

Weighted-average shares outstanding, diluted

 

 

11,727,112

 

 

 

11,917,382

 

 

 

11,718,770

 

 

 

11,865,319

 

Net income per share, basic

 

$

0.05

 

 

$

0.04

 

 

$

0.13

 

 

$

0.04

 

Net income per share, diluted

 

$

0.05

 

 

$

0.04

 

 

$

0.12

 

 

$

0.04