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Note 14 - Net Income Per Share

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE 14.

Net Income Per Share

The computations for basic and diluted net income per share are as follows:

		*Year Ended December 31,*
		*2021*				*2020*				*2019*
		(in thousands, except per share data)
Numerator:
Net income		$	70,960			$	91,572			$	69,336
Denominator:
Basic weighted average shares			39,030				39,167				39,075
Effect of potentially dilutive shares:
Stock options			863				1,262				1,806
Restricted stock units			224				311				403
Employee stock purchase plan			1				—				—
Diluted weighted average shares		$	40,118			$	40,740			$	41,284
Net income per share:
Basic		$	1.82			$	2.34			$	1.77
Diluted		$	1.77			$	2.25			$	1.68

Potentially dilutive shares not included in the calculation of diluted net income per share because doing so would be anti-dilutive are as follows:

		*Year Ended December 31,*
		*2021*				*2020*				*2019*
		(in thousands)
Stock options			534				532				460
Restricted stock units			61				52				52
Total anti-dilutive shares			595				584				512