Three Months Ended June 30,

Six Months Ended June 30,

(In thousands except per share data)

2019

2018

2019

2018

Numerator:

Net income attributable to Innoviva stockholders, basic

$

37,740

$

54,626

$

71,530

$

84,207

Add: interest expense on 2023 Notes

1,158

1,417

2,325

2,829

Net income attributable to Innoviva stockholders, diluted

$

38,898

$

56,043

$

73,855

$

87,036

Denominator:

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

101,151

100,873

101,105

100,739

Dilutive effect of 2023 Notes

12,189

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

51

337

90

555

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

113,391

113,399

113,384

113,483

Net income per share attributable to Innoviva stockholders

Basic

$

0.37

$

0.54

$

0.71

$

0.84

Diluted

$

0.34

$

0.49

$

0.65

$

0.77