Earnings (Loss) Per Share

9 Months Ended

Sep. 30, 2024

A reconciliation of the number of shares in the calculation of basic and diluted income (loss) per share follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023

	(in thousands)
Basic income (loss) per share
Numerator:
Net income (loss)	$	12,570	$	(3,172)	$	39,233	$	(8,533)


Earnings allocated to unvested restricted stock(1)	—		—		—		—
Net income (loss) available to common stockholders	$	12,570	$	(3,172)	$	39,233	$	(8,533)

Denominator:
Weighted-average shares used in computing basic income (loss) per share	169,971		165,275		168,724		164,089

Diluted income (loss) per share
Numerator:
Net income (loss) available to common stockholders	$	12,570	$	(3,172)	$	39,233	$	(8,533)

Denominator:
Weighted-average shares used in computing basic income (loss) per share	169,971		165,275		168,724		164,089
Add dilutive impact of employee equity plans	3,929		—		4,347		—
Weighted-average shares used in computing diluted income (loss) per share	173,900		165,275		173,071		164,089

______

(1)There were no unvested restricted stock outstanding during the three and nine months ended September 30, 2024.

The following weighted-average outstanding shares of common stock equivalents were excluded from the computation of the diluted net income (loss) per share attributable to common stockholders for the periods presented because their effect would have been anti-dilutive or the performance condition had not been met at the end of the period:


	Three Months Ended September 30,		Nine Months Ended September 30,
	2024	2023	2024	2023

	(in thousands)






Total anti-dilutive shares	2,128	14,024	1,663	14,056

The calculation of diluted income (loss) 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 or proceeds from the employee stock purchase plan.

SolarWinds Corp 10-Q