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Three Months Ended
September 30, |
Nine Months Ended
September 30, | ||||||||||||||||
| 2024 | 2023 | 2024 | 2023 | ||||||||||||||
| Numerator: | |||||||||||||||||
| Non-GAAP net income | $ | 21,214 | $ | 12,682 | $ | 72,220 | $ | 57,679 | |||||||||
| Interest expense related to convertible notes, net of tax (1) | — | — | — | — | |||||||||||||
| Numerator for non-GAAP diluted income per share | $ | 21,214 | $ | 12,682 | $ | 72,220 | $ | 57,679 | |||||||||
| Denominator: | |||||||||||||||||
| Weighted average shares outstanding, basic | 84,835 | 80,431 | 83,680 | 80,204 | |||||||||||||
| Effect of dilutive shares | 3,590 | 4,916 | 4,174 | 4,653 | |||||||||||||
| Non-GAAP diluted shares outstanding | 88,425 | 85,347 | 87,854 | 84,857 | |||||||||||||
| Non-GAAP net income per share, diluted | $ | 0.24 | $ | 0.15 | $ | 0.82 | $ | 0.68 | |||||||||
| (1) | Interest expense related to the convertible notes has been excluded from the numerator for non-GAAP diluted earnings per share because its effect would have been anti-dilutive. | ||||||||||||||||
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Altair Announces Third Quarter 2024 Financial Results
The following table provides the calculation of non-GAAP diluted common shares and non-GAAP net income per share, diluted:
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