XML 47 R40.htm IDEA: XBRL DOCUMENT v3.25.2
EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Summary of Computation of The Company's Basic and Diluted Net Earnings Per Share

The following table sets forth the computation of the Company’s basic and diluted net earnings per share for the three and six months ended June 30, 2025 and 2024 (in thousands except share and per share data):

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

(2,407

)

 

$

365

 

 

$

(4,076

)

 

$

3,492

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares used in computing
   earnings per share — basic

 

 

35,573,749

 

 

 

29,816,202

 

 

 

35,583,139

 

 

 

29,792,385

 

Weighted-average effect of potentially dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Effect of potentially dilutive time-based stock options

 

 

 

 

 

873,348

 

 

 

 

 

 

436,674

 

Effect of potentially dilutive performance-based stock options

 

 

 

 

 

164,132

 

 

 

 

 

 

82,066

 

Effect of potentially dilutive restricted stock units

 

 

 

 

 

19,754

 

 

 

 

 

 

9,877

 

Weighted-average common shares outstanding — diluted

 

 

35,573,749

 

 

 

30,873,436

 

 

 

35,583,139

 

 

 

30,321,002

 

Earnings (loss) per share — basic

 

$

(0.07

)

 

$

0.01

 

 

$

(0.11

)

 

$

0.12

 

Earnings (loss) per share — diluted

 

$

(0.07

)

 

$

0.01

 

 

$

(0.11

)

 

$

0.12

 

Summary of Company's Potentially Dilutive Securities Excluded

As of June 30, 2025, the Company’s potentially dilutive securities consisted of options to purchase common stock. Based on the amounts outstanding as of the three and six months ended June 30, 2025 and 2024, the Company excluded the following potential common shares from the computation of diluted net income per share because including them would have had an anti-dilutive effect:

 

 

Three months ended June 30,

 

 

Six Months Ended June 30,

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Performance-based options outstanding

 

 

534,063

 

 

 

 

 

 

534,063

 

 

 

 

Time-based options outstanding

 

 

4,429,563

 

 

 

140,135

 

 

 

4,396,855

 

 

 

140,135

 

Time-based restricted stock units outstanding

 

 

1,052,451

 

 

 

 

 

 

1,052,451

 

 

 

 

Total

 

 

4,963,626

 

 

 

140,135

 

 

 

4,930,918

 

 

 

140,135