Earnings Per Share

3 Months Ended

Mar. 31, 2020

Basic and Diluted Earnings Per Share

The components of basic and diluted earnings per share are as follows (in thousands, except share and per share amounts):



	Three Months Ended March 31,
	2020		2019
Net income	$	8,571	$	9,010
Net loss attributable to redeemable noncontrolling interest	236		—
Net income attributable to common stockholders (A)	$	8,807	$	9,010
Weighted average common shares outstanding — basic (B)	48,725,565		48,172,243
Dilutive effect of stock options and restricted stock units	1,521,422		2,000,575
Weighted average common shares outstanding — diluted (C)	50,246,987		50,172,818
Net income per share:
Basic (A/B)	$	0.18	$	0.19
Diluted (A/C)	$	0.18	$	0.18

The following securities have been excluded from the calculation of diluted weighted average common shares outstanding as the inclusion of these securities would have an anti-dilutive effect:



	Three Months Ended March 31,
	2020	2019
Stock options	272,876	46,693
Restricted stock units	197,478	181,350
Common stock subject to repurchase	100	777

Our redeemable noncontrolling interest relates to our 85% equity ownership interest in OpenEye. The OpenEye stockholder agreement contains a put option that gives the minority OpenEye stockholders the right to sell their OpenEye shares to us based on the fair value of the shares. The OpenEye stockholder agreement also contains a call option that gives us the right to purchase the remaining OpenEye shares from the minority OpenEye stockholders based on the fair value of the shares. The put and call options can each be exercised beginning in the first quarter of 2023. This redeemable noncontrolling interest is considered temporary equity and we report it between liabilities and stockholders’ equity in the condensed consolidated balance sheets. The amount of the net income or loss attributable to redeemable noncontrolling interests is recorded in the condensed consolidated statements of operations.