NET INCOME PER SHARE (Tables)

12 Months Ended

Dec. 31, 2019

NET INCOME PER SHARE

Schedule of computation of basic and diluted net income per share

The following table shows the computation of basic and diluted net income per share for the years ended December 31, 2019, 2018 and 2017:

	Year Ended December 31,
(In thousands except per share data)	2019		2018			2017
Numerator:
Net income attributable to Innoviva stockholders, basic	$	157,288	$	395,056	$	134,143
Add: interest expense on 2023 Notes		4,648		5,661		5,647
Net income attributable to Innoviva stockholders, diluted	$	161,936	$	400,717	$	139,790
Denominator:
Weighted-average shares used to compute basic net income per share attributable to Innoviva stockholders		101,150		100,849		106,945
Dilutive effect of 2023 Notes		12,189		12,189		12,189
Dilutive effect of options and awards granted under equity incentive plan and employee stock purchase plan		70		370		732
Weighted-average shares used to compute diluted net income per share attributable to Innoviva stockholders		113,409		113,408		119,866
Net income per share attributable to Innoviva stockholders
Basic	$	1.55	$	3.92	$	1.25
Diluted	$	1.43	$	3.53	$	1.17

Schedule of anti-dilutive securities

The following common stock equivalents were not included in the computation of diluted net income per share because their effect was anti-dilutive:

	Year Ended December 31,
(In thousands)	2019	2018	2017
Outstanding options and awards granted under equity incentive plan and employee stock purchase plan	1,130	1,490	2,121