NOTE 11—EARNINGS (LOSS) PER SHARE The following is the computation of basic and diluted EPS: | | | | | | | | | | | | | | | | Three months ended September 30, | | Nine months ended September 30, | | (In thousands, except per share amounts) | | 2021 | | 2020 | | 2021 | | 2020 | | Numerator | | | | | | | | | | | | | | Net income (loss) | | $ | 7,035 | | $ | (4,776) | | $ | 21,120 | | $ | (162) | | Denominator | | | | | | | | | | | | | | Weighted average shares used to compute basic earnings (loss) per share | | | 44,109 | | | 42,647 | | | 43,915 | | | 42,373 | | Dilutive effect of stock-based awards | | | 356 | | | — | | | 81 | | | — | | Weighted average shares used to compute diluted earnings (loss) per share | | | 44,465 | | | 42,647 | | | 43,996 | | | 42,373 | | | | | | | | | | | | | | | | Earnings (loss) per share | | | | | | | | | | | | | | Basic | | $ | 0.16 | | $ | (0.11) | | $ | 0.48 | | $ | (0.00) | | Diluted | | $ | 0.16 | | $ | (0.11) | | $ | 0.48 | | $ | (0.00) | |
Diluted earnings (loss) per share in each of the three and nine month periods ended September 30, 2020 excludes 937,424 options to purchase our common stock because their effect would be anti-dilutive.
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