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NET INCOME PER SHARE (Tables)
12 Months Ended
Dec. 31, 2020
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, 2020, 2019 and 2018:

Year Ended December 31, 

(In thousands except per share data)

   

2020

     

2019

     

2018

Numerator:

Net income attributable to Innoviva stockholders, basic

$

224,402

$

157,288

 

$

395,056

Add: interest expense on 2023 Notes

 

4,717

 

4,648

 

5,661

Net income attributable to Innoviva stockholders, diluted

$

229,119

$

161,936

 

$

400,717

Denominator:

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

 

101,320

 

101,150

 

100,849

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

 

45

 

70

 

370

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

 

113,554

 

113,409

 

113,408

Net income per share attributable to Innoviva stockholders

Basic

$

2.21

$

1.55

 

$

3.92

Diluted

$

2.02

$

1.43

 

$

3.53

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)

 

2020

    

2019

    

2018

Outstanding options and awards granted under equity incentive plan and employee stock purchase plan

1,193

 

1,130

 

1,490