Net Income (Loss) Per Share

3 Months Ended

Mar. 31, 2017

4. Net Income (Loss) Per Share

The following table sets forth the computation of basic and diluted net income (loss) per share (in thousands, except per share data).

	Three Months Ended
	March 31,
	2017		2016
Net income (loss)	$	730	$	(5,505	)
Weighted average common basic shares		41,160		41,060
Effect of dilutive securities		21		—
Weighted average common dilutive shares		41,181		41,060
Basic and diluted net income (loss) per share	$	0.02	$	(0.13	)

For the three months ended March 31, 2017, the computation of diluted net income per share included 76 thousand restricted stock units having a dilutive effect of 21 thousand shares. Options to purchase 120 thousand shares and 93 thousand restricted stock units were not included in the computation of diluted net income per share for the three months ended March 31, 2017, since the exercise price of the stock options was in excess of the average stock price for this period and the inclusion of the restricted stock units would have been anti-dilutive.

For the three months ended March 31, 2016, the computation of diluted net loss per share did not include options to purchase 825 thousand shares and 257 thousand restricted stock units, a dilutive effect of 276 thousand shares, since their inclusion would have been anti-dilutive. Options to purchase 260 thousand shares were not included in the computation of diluted net loss per share for the three months ended March 31, 2016, since their exercise price was in excess of the average stock price for this period.