Annual report pursuant to Section 13 and 15(d)

NET INCOME (LOSS) PER SHARE

v3.20.1
NET INCOME (LOSS) PER SHARE
 12 Months Ended
Dec. 31, 2019
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 (in thousands, except per share data):
 
For the years ended December 31,
 
2019
 
2018
Numerator:
 
 
 
Net income (loss)
$
(16,610
)
 
$
10,001

Denominator for basic and diluted net income (loss) per share:
 
 
 
Weighted average common shares outstanding for basic
97,861
 
91,916
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
97,861
 
114,470
Basic net income (loss) per share
$
(0.17
)
 
$
0.11

Diluted net income (loss) per share
$
(0.17
)
 
$
0.09



The following Common stock equivalents were not included in the calculation of net income (loss) per diluted share because their effect were anti-dilutive: 28,105,000 and 850,000 stock options and RSUs for the years ended December 31, 2019 and 2018, respectively, and 8,000,000 and 10,750,000 unvested stock options for the years ended December 31, 2019 and 2018, respectively, which vest upon the completion of future performance conditions.