Net Income Per Share (Tables)

3 Months Ended

Mar. 31, 2019

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)	2019		2018
Numerator:
Net income attributable to Innoviva stockholders, basic	$	33,790	$	29,581
Add: interest expense on 2023 Notes		1,415		1,412
Net income attributable to Innoviva stockholders, diluted	$	35,205	$	30,993
Denominator:
Weighted-average shares used to compute basic net income per share attributable to Innoviva stockholders		101,059		100,604
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		128		773
Weighted-average shares used to compute diluted net income per share attributable to Innoviva stockholders		113,376		113,566
Net income per share attributable to Innoviva stockholders
Basic	$	0.33	$	0.29
Diluted	$	0.31	$	0.27

Schedule of anti-dilutive securities

	Three Months Ended March 31,
(In thousands)	2019	2018
Outstanding options and awards granted under equity incentive plan and employee stock purchase plan	1,053	1,492