Net Income Per Share (Tables)

6 Months Ended

Jun. 30, 2018

Net Income Per Share

Schedule of computation of basic and diluted net income per share

	Three Months Ended June 30,				Six Months Ended June 30,
(In thousands except per share data)	2018		2017		2018		2017
Numerator:
Net income attributable to Innoviva stockholders, basic	$	54,626	$	35,146	$	84,207	$	51,991
Add: interest expense on 2023 Notes		1,417		1,414		2,829		2,821
Net income attributable to Innoviva stockholders, diluted	$	56,043	$	36,560	$	87,036	$	54,812
Denominator:
Weighted-average shares used to compute basic net income per share attributable to Innoviva stockholders		100,873		107,614		100,739		107,468
Dilutive effect of  2023 Notes		12,189		12,189		12,189		12,189
Dilutive effect of options and awards granted under equity incentive plan and employee stock purchase plan		337		660		555		660
Weighted-average shares used to compute diluted net income per share attributable to Innoviva stockholders		113,399		120,463		113,483		120,317
Net income per share attributable to Innoviva stockholders
Basic	$	0.54	$	0.33	$	0.84	$	0.48
Diluted	$	0.49	$	0.30	$	0.77	$	0.46

Schedule of anti-dilutive securities

	Three Months Ended June 30,		Six Months Ended June 30,
(In thousands)	2018	2017	2018	2017
Outstanding options and awards granted under equity incentive plan and employee stock purchase plan	1,633	2,019	1,562	2,541