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EARNINGS PER SHARE (Tables)

3 Months Ended

Jul. 31, 2025

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):


	Three Months Ended July 31,
	2025			2024
Basic
Numerator:
Net income (loss) attributable to Immersion Stockholders	$	(930	)	$	27,077
Adjustment for Immersion's portion of Barnes & Noble Education's EPS to be included in the numerator for Immersion's basic EPS calculation (a)		—			3
Net income (loss) attributable to Immersion Stockholders, basic	$	(930	)	$	27,080

Denominator:
Weighted-average shares outstanding, basic		32,615			31,970
Net income (loss) attributable to Immersion stockholders per share, basic	$	(0.03	)	$	0.85

Diluted
Numerator:
Net income (loss) attributable to Immersion Stockholders	$	(930	)	$	27,077
Adjustment for Immersion's portion of Barnes & Noble Education's EPS to be included in the numerator for Immersion's diluted EPS calculation (a)		—			3
Net income (loss) attributable to Immersion stockholders, diluted	$	(930	)	$	27,080

Denominator:
Weighted-average shares outstanding, basic		32,615			31,970
Shares related to outstanding options, unvested RSUs, RSAs, and PSUs		—			730
Weighted average shares outstanding, diluted		32,615			32,700
Net income (loss) attributable to Immersion stockholders per share, diluted	$	(0.03	)	$	0.83

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.