Schedule of Earnings Per Share, Basic and Diluted |
The following table shows the calculations for the three and nine months ended September 30, 2020 and 2019 (in thousands, except per share amounts).
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | | 2020 | | 2019 | | 2020 | | 2019 | Numerator - basic | | | | | | | | | Net income (loss) | | $ | 2,557 | | | $ | 2,143 | | | $ | (11,245) | | | $ | 1,710 | | | | | | | | | | | Numerator - diluted | | | | | | | | | Net income (loss) | | $ | 2,557 | | | $ | 2,143 | | | $ | (11,245) | | | $ | 1,710 | | Convertible note accretion, amortization, and interest, net of tax | | 1,975 | | | — | | | — | | | — | | Net income (loss) used in diluted EPS | | $ | 4,532 | | | $ | 2,143 | | | $ | (11,245) | | | $ | 1,710 | | | | | | | | | | | Denominator | | | | | | | | | Basic weighted average shares outstanding | | 110,461 | | | 103,899 | | | 107,605 | | | 99,149 | | Dilutive effect of stock options | | 3,017 | | | 3,650 | | | — | | | 3,349 | | Dilutive effect of restricted stock awards | | 175 | | | 331 | | | — | | | 268 | | Dilutive effect of Convertible Notes | | 5,538 | | | — | | | — | | | — | | Diluted weighted average shares outstanding | | 119,191 | | | 107,880 | | | 107,605 | | | 102,766 | | | | | | | | | | | Basic net income (loss) per share | | $ | 0.02 | | | $ | 0.02 | | | $ | (0.10) | | | $ | 0.02 | | Diluted net income (loss) per share | | $ | 0.04 | | | $ | 0.02 | | | $ | (0.10) | | | $ | 0.02 | |
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Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share |
The following potential dilutive shares were excluded from the calculation of diluted net loss per share because their effect would be anti-dilutive for the three and nine months ended September 30, 2020 and 2019:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | | 2020 | | 2019 | | 2020 | | 2019 | Stock options | | — | | | — | | | 3,069,286 | | | — | | Restricted stock awards | | — | | | — | | | 201,579 | | | — | | Convertible Notes | | — | | | — | | | 3,112,801 | | | — | |
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