Net loss per share

6 Months Ended

Jun. 30, 2020

Earnings per share are calculated in accordance with ASC Topic 260: "Earnings per Share", which specifies the computation, presentation and disclosure requirements for earnings per share (EPS). It requires the presentation of basic and diluted EPS. Basic EPS excludes all dilution and is based upon the weighted average number of shares of common stock outstanding during the period. Diluted EPS reflects the potential dilution that would occur if convertible securities or other contracts to issue common stock were exercised. For the six months ended June 30, 2020, there were 928,000 anti-dilutive stock options outstanding compared to 469,000 as of June 30, 2019. The potential dilutive effect of the 2024 Notes and the 2026 Notes conversion features (See Note 8 - Debt) were excluded from diluted net loss per share as of June 30, 2020 and June 30, 2019. Potential shares from the 2024 Notes and the 2026 Notes conversion features at their respective initial conversion prices of $28.55 per share and $42.97 per share are approximately 481,548 and 2,792,664, respectively.

The following is a reconciliation of the weighted average of shares of common stock outstanding for the basic and diluted EPS computations:


(in thousands, except per share data)	Three Months Ended June 30,						Six Months Ended June 30,
	2020		2019		2020		2019
Net loss	$	(8,976)	$	(1,109)	$	(19,886)	$	(3,838)

Basic:
Shares outstanding at beginning of period	18,244		16,044		16,629		16,041
Weighted average shares issued during the period, net	—		246		1,463		44
Weighted average common shares, basic	18,244		16,290		18,092		16,085
Net loss per common share, basic	$	(0.49)	$	(0.07)	$	(1.10)	$	(0.24)
Diluted:
Weighted average common shares, basic	18,244		16,290		18,092		16,085

Weighted average common shares, diluted	18,244		16,290		18,092		16,085
Net loss per common share, diluted	$	(0.49)	$	(0.07)	$	(1.10)	$	(0.24)