RECONCILIATION OF GAAP NET INCOME (LOSS) TO NON-GAAP NET INCOME (UNAUDITED)
(In thousands, except per share amounts)
| Three months ended | Six months ended | ||||||||||||||||||
| June 30, | March 31, | June 30, | June 30, | June 30, | |||||||||||||||
|
2024
|
2024
|
2023
|
2024
|
2023
| |||||||||||||||
| GAAP net income (loss) | $ | 1,705 | $ | (393 | ) | $ | 6,835 | $ | 1,312 | $ | 7,190 | ||||||||
| Adjustments to reconcile GAAP net income (loss) to non-GAAP net income: | |||||||||||||||||||
| Stock-based compensation expense | 5,700 | 6,110 | 4,678 | 11,810 | 9,562 | ||||||||||||||
| Amortization of acquired technology under costs of revenues | 584 | 584 | 553 | 1,168 | 1,106 | ||||||||||||||
| Amortization of other acquired intangible assets | 259 | 259 | 326 | 518 | 651 | ||||||||||||||
| Expenses of arbitration (1) | — | — | 166 | — | 2,299 | ||||||||||||||
| Acquisition-related costs (2) | — | — | 176 | — | 176 | ||||||||||||||
| Tax impact of valuation allowance for deferred tax assets and reconciling items (3) | (1,159 | ) | (813 | ) | (5,238 | ) | (1,972 | ) | (6,218 | ) | |||||||||
| Non-GAAP net income | $ | 7,089 | $ | 5,747 | $ | 7,496 | $ | 12,836 | $ | 14,766 | |||||||||
| GAAP net income (loss) per diluted share | $ | 0.04 | $ | (0.01 | ) | $ | 0.17 | $ | 0.03 | $ | 0.18 | ||||||||
| Non-GAAP net income per diluted share | $ | 0.18 | $ | 0.15 | $ | 0.19 | $ | 0.33 | $ | 0.38 | |||||||||
| Weighted average common shares used in GAAP net income (loss) per diluted share calculation | 39,132 | 38,500 | 39,076 | 38,989 | 38,968 | ||||||||||||||
| Weighted average common shares used in non-GAAP net income per diluted share calculation | 39,132 | 39,053 | 39,076 | 38,989 | 38,968 | ||||||||||||||
