Annual report pursuant to Section 13 and 15(d)

NET INCOME (LOSS) PER SHARE

v3.19.1
NET INCOME (LOSS) PER SHARE
 12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
NET INCOME (LOSS) PER SHARE
NET INCOME (LOSS) PER SHARE
The Company computes basic net income (loss) per share using the weighted-average number of common shares outstanding during the period. Diluted net income (loss) assumes the conversion, exercise or issuance of all potential common stock equivalents, unless the effect of inclusion would be anti-dilutive. For purposes of this calculation, common stock equivalents include the Company's stock options, including those with performance or market conditions, unvested RSU's, and warrants.
The following table sets forth the computation of basic and diluted earnings per share:
 
For the years ended December 31,
 
2018
 
2017
Numerator:
 
 
 
Net income (loss)
$
10,001

 
$
(4,897
)
Denominator for basic and diluted net income (loss) per share:
 
 
 
Weighted average common shares outstanding for basic
91,916
 
80,432
Dilutive potential common stock outstanding:
 
 
 
Stock options
13,389
 
—

RSU's
2,950
 
—

Performance stock options
6,215
 
—

Weighted average common shares outstanding for diluted
114,470
 
80,432
Basic net income (loss) per share
$
0.11

 
$
(0.06
)
Diluted net income (loss) per share
$
0.09

 
$
(0.06
)


The following common stock equivalents were not included in the calculation of net income (loss) per diluted share because their effect were anti-dilutive:
 
For the years ended December 31,
 
2018
 
2017
Stock options and RSU's
850

 
23,073

Performance stock options
10,750

 
18,000

Warrants
—

 
2,850

Total
11,600

 
43,923