Quarterly report pursuant to Section 13 or 15(d)

Net Income per Share

v3.21.1
Net Income per Share
3 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]  
Net Income per Share

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,

 

 

 

2021

 

 

2020

 

Numerator:

 

 

 

 

 

 

Net income

 

$

79

 

 

$

13

 

Denominator:

 

 

 

 

 

 

Weighted-average shares outstanding, basic

 

 

11,584,605

 

 

 

11,337,491

 

Dilutive effect of common stock equivalents

 

 

313,757

 

 

 

377,935

 

Weighted-average shares outstanding, diluted

 

 

11,898,362

 

 

 

11,715,426

 

Net income per share, basic

 

$

0.01

 

 

$

0.00

 

Net income per share, diluted

 

$

0.01

 

 

$

0.00

 

Anti-dilutive employee share-based awards, excluded

 

 

544,815

 

 

 

579,601