v3.22.2.2
Note 6 - Earnings (Loss) Per Share
9 Months Ended
Sep. 30, 2022
Notes to Financial Statements  
Earnings Per Share [Text Block]

Note 6.  Earnings (Loss) Per Share

Basic net loss per share has been computed using the weighted-average number of shares of common stock outstanding during the period. Diluted net loss per share has been computed using the weighted-average number of shares of common stock and dilutive potential common shares from stock options, restricted stock units and senior convertible notes outstanding during the period. In periods with net losses, normally dilutive shares become anti-dilutive. Therefore, basic and diluted loss per share are the same.

The following table sets forth the computation of the basic and diluted net loss per share for the periods indicated (in thousands):

  

Three months ended September 30,

  

Nine months ended September 30,

 

 

2022

  

2021

  

2022

  

2021

 

Numerator:

 

  

  

  

 

Net loss

 $(15,627) $(15,797) $(46,147) $(39,622)

Denominator:

 

   

   

   

  

Weighted average shares used to compute net loss per share

 

   

   

   

  

Basic

  27,839   27,097   27,640   26,791 

Diluted

  27,839   27,097   27,640   26,791 

Net loss per share

 

   

   

   

  

Basic

 $(0.56) $(0.58) $(1.67) $(1.48)

Diluted

 $(0.56) $(0.58) $(1.67) $(1.48)

 

The following potentially dilutive securities were excluded from the diluted net loss per share as their effect would have been antidilutive (in thousands):

  

Three months ended September 30,

  

Nine months ended September 30,

 

 

2022

  

2021

  

2022

  

2021

 

Employee stock options

  

   1      3 

Restricted stock units

  

322

   2      6 

Shares for convertible senior notes

  4,587   4,587   4,587   4,587 

Total antidilutive shares

  4,909   4,590   4,587   4,596