Quarterly report pursuant to Section 13 or 15(d)

Net Income (Loss) Per Share

v3.19.3
Net Income (Loss) Per Share
 9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share Net Income (Loss) Per Share
Basic earnings per share, or EPS, is calculated by dividing net income (loss) by the weighted-average number of common shares outstanding for the period, without consideration for common stock equivalents. Diluted EPS is computed by dividing net income by the weighted-average number of common shares outstanding for the period and the weighted-average number of dilutive common stock equivalents outstanding for the period determined using the treasury-stock method. For purposes of this calculation, common stock options, restricted stock units and restricted stock awards are considered to be common stock equivalents and are only included in the calculation of diluted EPS when their effect is dilutive. In periods in which the Company has a net loss, dilutive common stock equivalents are excluded from the calculation of diluted EPS.
The table below presents the computation of basic and diluted EPS:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
 
(in thousands, except per share amounts)
Numerator:
 
 
 
 
 
 
 
Net loss
$
(4,714
)
 
$
(13,935
)
 
$
(11,794
)
 
$
(26,510
)
Denominator:
 
 
 
 
 
 
 
Weighted average common shares outstanding—basic
71,366

 
68,742

 
70,755

 
68,256

Dilutive common stock equivalents
—

 
—

 
—

 
—

Weighted average common shares outstanding—diluted
71,366

 
68,742

 
70,755

 
68,256

Net loss per share:
 
 
 
 
 
 
 
Basic
$
(0.07
)
 
$
(0.20
)
 
$
(0.17
)
 
$
(0.39
)
Diluted
$
(0.07
)
 
$
(0.20
)
 
$
(0.17
)
 
$
(0.39
)

For the three and nine months ended September 30, 2019 and 2018, the Company incurred net losses and accordingly excluded common stock equivalents for outstanding stock-based awards, which represented all potentially dilutive securities, of 2.4 million and 2.6 million for the 2019 periods, respectively, and 3.8 million and 3.7 million for the 2018 periods, respectively, from the calculation of diluted net loss per share due to their anti-dilutive nature.