Quarterly report pursuant to Section 13 or 15(d)

NET INCOME (LOSS) PER SHARE (Tables)

v3.19.3
NET INCOME (LOSS) PER SHARE (Tables)
 9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Computation of basic and diluted earnings per share
The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share data):
 
Three months ended September 30,
 
Nine months ended September 30,
 
2019
 
2018
 
2019
 
2018
Numerator:
 
 
 
 
 
 
 
Net income (loss)
$
(1,769
)
 
$
3,295

 
$
(9,924
)
 
$
7,100

Denominator for basic and diluted net income (loss) per share:
 
 
 
 
 
 
 
Weighted average common shares outstanding for basic
98,733
 
91,639
 
97,524
 
90,959
Dilutive potential common stock outstanding:
 
 
 
 
 
 
 
Stock options and RSU's
—

 
24,160
 
—

 
19,562
Warrants
—

 
90
 
—

 
80
Weighted average common shares outstanding for diluted
98,733
 
115,889
 
97,524
 
110,601
Basic net income (loss) per share
$
(0.02
)
 
$
0.04

 
$
(0.10
)
 
$
0.08

Diluted net income (loss) per share
$
(0.02
)
 
$
0.03

 
$
(0.10
)
 
$
0.06

Schedule of antidilutive securities excluded from computation of earnings per share
The following common stock equivalents were not included in the calculation of net income (loss) per diluted share because their effect were anti-dilutive (in thousands):
 
Three months ended September 30,
 
Nine months ended September 30,
 
2019
 
2018
 
2019
 
2018
Stock options
5,392

 
3,160

 
6,943

 
6,985

Performance stock options
776

 
698

 
211

 
1,465

Warrants
—

 
10

 
—

 
20

Total
6,168

 
3,868

 
7,154

 
8,470