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 following table provides the computation of basic and diluted net income (loss) per share for the years ended December 31, 2019, 2018 and 2017 (in thousands, except share and per share amounts):

	For the Year Ended December 31,
	2019		2018		2017
Net income (loss)	$	8,006	$	2,640	$	(396)
Deemed dividends on preferred stock and amortization of beneficial conversion feature	—		5,627		10,547
Gain on redemption of preferred stock	—		(9,075)		—
Net income (loss) available to common stockholders	$	8,006	$	6,088	$	(10,943)
Basic weighted average common shares outstanding	100,470		85,618		79,426
Effect of potentially dilutive securities	3,145		5,950		—
Diluted weighted average shares outstanding	103,615		91,568		79,426
Basic net income (loss) per share attributable to common stockholders	$	0.08	$	0.07	$	(0.14)
Diluted net income (loss) per share attributable to common stockholders	$	0.08	$	0.07	$	(0.14)

For the years ended December 31, 2019, 2018 and 2017, 0.1 million, 0.3 million and 1.6 million options were excluded from the calculation of diluted earnings per share because the effect of including these potential shares was anti-dilutive. For periods in which the impact of contingently convertible Series A Preferred Stock was anti-dilutive, these shares were excluded from the calculation of diluted earnings per share.