Three Months Ended September 30,

Nine Months Ended September 30,

(In thousands except per share data)

2019

2018

2019

2018

Numerator:

Net income attributable to Innoviva stockholders, basic

$

39,809

$

47,089

$

111,339

$

131,296

Add: interest expense on 2023 Notes

1,157

1,413

3,482

4,242

Net income attributable to Innoviva stockholders, diluted

$

40,966

$

48,502

$

114,821

$

135,538

Denominator:

Weighted-average shares used to compute basic net income per share attributable to Innoviva stockholders

101,191

100,936

101,134

100,806

Dilutive effect of 2023 Notes

12,189

Dilutive effect of options and awards granted under equity incentive plan and employee stock purchase plan

35

238

71

449

Weighted-average shares used to compute diluted net income per share attributable to Innoviva stockholders

113,415

113,363

113,394

113,444

Net income per share attributable to Innoviva stockholders

Basic

$

0.39

$

0.47

$

1.10

$

1.30

Diluted

$

0.36

$

0.43

$

1.01

$

1.19