| Schedule of reconciliation used in computing basic and diluted net income per share |
The following are reconciliations of the denominators used in computing basic and diluted net income per share (in thousands):
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Three Months Ended January 31, |
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Nine Months Ended January 31, |
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2026 |
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2025 |
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2026 |
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2025 |
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As Restated |
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As Restated |
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Basic |
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Numerator: |
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Net income (loss) attributable to Immersion Stockholders |
$ |
(10,266 |
) |
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$ |
24,061 |
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$ |
795 |
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$ |
81,942 |
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Adjustment for Immersion's portion of Barnes & Noble Education's EPS to be included in the numerator for Immersion's basic EPS calculation (a) |
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1 |
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(29 |
) |
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1 |
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432 |
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Net income (loss) attributable to Immersion Stockholders, basic |
$ |
(10,265 |
) |
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$ |
24,032 |
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$ |
796 |
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$ |
82,374 |
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Denominator: |
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Weighted-average shares outstanding, basic |
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32,939 |
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32,294 |
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32,797 |
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32,159 |
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Net income (loss) attributable to Immersion stockholders per share, basic |
$ |
(0.31 |
) |
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$ |
0.74 |
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$ |
0.02 |
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$ |
2.56 |
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Diluted |
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Numerator: |
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Net income (loss) attributable to Immersion Stockholders |
$ |
(10,266 |
) |
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$ |
24,061 |
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$ |
795 |
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$ |
81,942 |
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Adjustment for Immersion's portion of Barnes & Noble Education's EPS to be included in the numerator for Immersion's diluted EPS calculation (a) |
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1 |
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(76 |
) |
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1 |
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385 |
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Net income (loss) attributable to Immersion stockholders, diluted |
$ |
(10,265 |
) |
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$ |
23,985 |
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$ |
796 |
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$ |
82,327 |
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Denominator: |
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Weighted-average shares outstanding, basic |
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32,939 |
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32,294 |
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32,797 |
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32,159 |
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Shares related to outstanding options, unvested RSUs, RSAs, and PSUs |
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— |
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761 |
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273 |
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800 |
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Weighted average shares outstanding, diluted |
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32,939 |
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33,055 |
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33,070 |
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32,959 |
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Net income (loss) attributable to Immersion stockholders per share, diluted |
$ |
(0.31 |
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$ |
0.73 |
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$ |
0.02 |
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$ |
2.50 |
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a)Barnes & Noble Education has participating securities. Accordingly, for purposes of Immersion’s basic and diluted net income per share computations using the two-class method, the numerator reflects Immersion’s portion of Barnes & Noble Education’s earnings per share, which is determined by multiplying the shares of Barnes & Noble Education held by Immersion by Barnes & Noble Education’s basic and diluted EPS amounts.
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