Earnings (Loss) per Share

6 Months Ended

Jun. 30, 2020

Earnings (Loss) per Share

Earnings (Loss) per Share

10.         Earnings (Loss) per Share

Basic and diluted loss per share

For the three and six months ended June 30, 2019 and 2020, basic and diluted net loss per share was determined by dividing net loss attributable to shareholders by the weighted average number of shares outstanding during the period. Diluted net loss per share is the same as basic net loss per share during the periods presented as the effects of the

Company’s potential ordinary share equivalents are antidilutive since the Company had net losses for each period presented below.

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in thousands, except per share data)	2019		2020		2019		2020
Net loss for the period	$	(21,707)	$	(15,441)	$	(41,924)	$	(38,700)
Weighted average number of shares outstanding		72,526,441		112,778,258		70,624,583		103,686,706
Basic and diluted loss per share	$	(0.30)	$	(0.14)	$	(0.59)	$	(0.37)

The following ordinary share equivalents were excluded from the calculations of diluted earnings per share as their effect would be anti-dilutive since the Company had net losses for each period presented below:

	Three Months Ended		Six Months Ended
	June 30,		June 30,
	2019	2020	2019	2020
Stock option awards	8,363,789	10,274,855	8,363,789	10,274,855
Restricted stock units	1,524,642	1,893,984	1,524,642	1,893,984