N-able Inc
For the period ended Jun 30, 2024. Filed Aug 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 8, 2024
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9. Earnings Per Share
- Earnings Per Share
A reconciliation of the number of shares in the calculation of basic and diluted earnings per share follows:
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| (in thousands) | ||||
| Basic earnings per share: | ||||
| Numerator: | ||||
| Net income | $9,455 | $4,509 | $16,911 | $8,048 |
| Denominator: | ||||
| Weighted-average common shares outstanding used in computing basic earnings per share | 184,996 | 182,249 | 184,504 | 181,843 |
| Basic earnings per share | $0.05 | $0.02 | $0.09 | $0.04 |
| Diluted earnings per share: | ||||
| Numerator: | ||||
| Net income | $9,455 | $4,509 | $16,911 | $8,048 |
| Denominator: | ||||
| Weighted-average shares used in computing basic earnings per share | 184,996 | 182,249 | 184,504 | 181,843 |
| Add dilutive impact of employee equity plans | 2,278 | 3,394 | 3,056 | 2,889 |
| Weighted-average shares used in computing diluted earnings per share | 187,274 | 185,643 | 187,560 | 184,732 |
| Diluted earnings per share | $0.05 | $0.02 | $0.09 | $0.04 |
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 three and six months ended June 30, 2024 and 2023 because their effect would have been anti-dilutive or for which the performance condition had not been met at the end of the period:
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| (in thousands) | ||||
| Restricted stock units | — | 59 | 4 | 46 |
| Total anti-dilutive shares | — | 59 | 4 | 46 |
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