Net Income per Share (Tables)

9 Months Ended

Sep. 30, 2022

Computation of Basic and Diluted Net Income Per Share

The following table sets forth the computation of basic and diluted net income per share (in thousands, except per share amounts):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Numerator:
Net income attributable to Vicor Corporation	$	1,792	$	13,259	$	17,384	$	47,745

Denominator:
Denominator for basic net income per share-weighted average shares (1)		44,031		43,710		43,986		43,573
Effect of dilutive securities:
Employee stock options (2)		867		1,324		920		1,332

Denominator for diluted net income per share – adjusted weighted-average shares and assumed conversions		44,898		45,034		44,906		44,905

Basic net income per share	$	0.04	$	0.30	$	0.40	$	1.10

Diluted net income per share	$	0.04	$	0.29	$	0.39	$	1.06

(1)	Denominator represents the weighted average number of shares of Common Stock and Class B Common Stock outstanding.

(2)

Options to purchase 1,037,640 and 772,240 shares of Common Stock for the three and nine months ended September 30, 2022, respectively, and options to purchase 76,114 and 134,822 shares of Common Stock for the three and nine months ended September 30, 2021, respectively, were not included in the calculations of net income per share as the effect would have been antidilutive.