Net Income Per Share (Tables)

3 Months Ended

Mar. 31, 2018

Net Income Per Share

Schedule of computation of basic and diluted net income per share

	Three Months Ended March 31,
(In thousands except per share data)	2018		2017
Numerator:
Net income attributable to Innoviva stockholders, basic	$	29,581	$	16,845
Add: interest expense on 2023 Notes	1,412		1,407
Net income attributable to Innoviva stockholders, diluted	$	30,993	$	18,252
Denominator:
Weighted-average shares used to compute basic net income per share attributable to Innoviva stockholders	100,604		107,487
Dilutive effect of 2023 Notes	12,189		12,189
Dilutive effect of options and awards granted under equity incentive plan and employee stock purchase plan	773		660
Weighted-average shares used to compute diluted net income per share attributable to Innoviva stockholders	113,566		120,336
Net income per share attributable to Innoviva stockholders
Basic	$	0.29	$	0.16
Diluted	$	0.27	$	0.15

Schedule of anti-dilutive securities

	Three Months Ended March 31,
(In thousands)	2018	2017
Outstanding options and awards granted under equity incentive plan and employee stock purchase plan	1,492	3,062