Quarterly report pursuant to Section 13 or 15(d)

Earnings (Loss) Per Share (Tables)

v3.20.1
Earnings (Loss) Per Share (Tables)
3 Months Ended
Mar. 31, 2020
Earnings (Loss) Per Share  
Schedule of 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 amounts):

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended 

 

 

 

 

March 31, 

 

 

 

    

2020

    

2019

    

 

EPS Numerator:

 

 

 

 

 

 

 

 

Net income (loss)

 

$

21,243

 

$

(17,598)

 

 

EPS Denominator—Basic:

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 

 

168,469

 

 

167,173

 

 

EPS Denominator—Diluted:

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 

 

168,469

 

 

167,173

 

 

Dilutive effect of stock options, shares under ESPP and warrant

 

 

99

 

 

 —

 

 

Weighted-average shares outstanding and common stock equivalents

 

 

168,568

 

 

167,173

 

 

Net income (loss) per common share:

 

 

 

 

 

 

 

 

Basic

 

$

0.13

 

$

(0.11)

 

 

Diluted

 

$

0.13

 

$

(0.11)

 

 

 

Schedule of antidilutive securities

We had securities which could potentially dilute basic earnings per share, but were excluded from the computation of diluted earnings (loss) per share for all periods presented, as their effect would have been antidilutive. These securities consist of the following (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended 

 

 

 

 

 

March 31, 

 

 

 

 

 

2020

    

2019

 

 

 

Outstanding stock options

 

 

23,206

 

 

25,126

 

 

 

Purchase Plan

 

 

 —

 

 

130

 

 

 

Total

 

 

23,206

 

 

25,256