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Note 10 - Net Income Per Share

3 Months Ended

Mar. 31, 2022

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE 10.

Net Income Per Share

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

		*Three Months Ended*
		*March 31,*
		*2022*				*2021*
		(in thousands, except per share data)
Numerator:
Net income		$	25,410			$	228
Denominator:
Basic weighted average shares			38,992				39,209
Effect of potentially dilutive shares:
Stock options			770				870
Restricted stock units			236				351
Employee stock purchase plan			3				—
Diluted weighted average shares			40,001				40,430
Net income per share:
Basic		$	0.65			$	0.01
Diluted		$	0.64			$	0.01

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

		*Three Months Ended*
		*March 31,*
		*2022*				*2021*
		(in thousands)
Stock options			601				373
Restricted stock units			—				40
Employee stock purchase plan			8				—
Total anti-dilutive shares			609				413