N-able Inc
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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FY2023 · Filed Feb 29, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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11. Earnings Per Share
- Earnings Per Share
A reconciliation of the number of shares in the calculation of basic and diluted earnings per share follows:
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| (in thousands) | |||
| Basic earnings per share: | |||
| Numerator: | |||
| Net income | $23,412 | $16,707 | $113 |
| Denominator: | |||
| Weighted-average common shares outstanding used in computing basic earnings per share | 182,371 | 180,136 | 167,460 |
| Basic earnings per share | $0.13 | $0.09 | $0.00 |
| Diluted earnings per share: | |||
| Numerator: | |||
| Net income | $23,412 | $16,707 | $113 |
| Denominator: | |||
| Weighted-average shares used in computing basic earnings per share | 182,371 | 180,136 | 167,460 |
| Add dilutive impact of employee equity plans | 3,609 | 1,161 | 1,207 |
| Weighted-average shares used in computing diluted earnings per share | 185,980 | 181,297 | 168,667 |
| Diluted earnings per share | $0.13 | $0.09 | $0.00 |
The following weighted-average outstanding shares of common stock equivalents were excluded from the computation of the diluted net income per share attributable to common stockholders for the periods presented because their effect would have been anti-dilutive or for which the performance condition had not been met at the end of the period:
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| (in thousands) | |||
| Restricted stock units | 29,863 | 2,957 | 203 |
| Total anti-dilutive shares | 29,863 | 2,957 | 203 |
The calculation of diluted earnings per share requires us to make certain assumptions related to the use of proceeds that would be received upon the assumed exercise of stock options, purchase of restricted stock or proceeds from the employee stock purchase plan.
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