Net Income Per Share (Tables)

9 Months Ended

Sep. 30, 2018

Net Income Per Share

Schedule of computation of basic and diluted net income per share

	Three Months Ended September 30,				Nine Months Ended September 30,
(In thousands except per share data)	2018		2017		2018		2017
Numerator:
Net income attributable to Innoviva stockholders, basic	$	47,089	$	23,767	$	131,296	$	75,758
Add: interest expense on 2023 Notes		1,413		1,410		4,242		4,231
Net income attributable to Innoviva stockholders, diluted	$	48,502	$	25,177	$	135,538	$	79,989
Denominator:
Weighted-average shares used to compute basic net income per share attributable to Innoviva stockholders		100,936		106,841		100,806		107,236
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		238		766		449		695
Weighted-average shares used to compute diluted net income per share attributable to Innoviva stockholders		113,363		119,796		113,444		120,120
Net income per share attributable to Innoviva stockholders
Basic	$	0.47	$	0.22	$	1.30	$	0.71
Diluted	$	0.43	$	0.21	$	1.19	$	0.67

Schedule of anti-dilutive securities

	Three Months Ended		Nine Months Ended
	September 30,		September 30,
(In thousands)	2018	2017	2018	2017
Outstanding options and awards granted under equity incentive plan and employee stock purchase plan	1,557	1,779	1,561	2,287