Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of components of basic and diluted earnings per share

The components of basic and diluted earnings per share for the three and nine months ended September 30, 2020 and 2019 were as follows (in thousands, except per share data):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Net income (loss) - basic and diluted	$	9,702	$	(23,940)	$	(31,466)	$	(267,509)



Weighted average common shares outstanding	34,484		33,906		34,314		34,058
Effect of dilutive securities:
Stock options and RSUs	236		—		—		—

Shares used in calculating dilutive net income (loss) per share	34,720		33,906		34,314		34,058

Net income (loss) per share:
Basic	$	0.28	$	(0.71)	$	(0.92)	$	(7.85)
Diluted	$	0.28	$	(0.71)	$	(0.92)	$	(7.85)

Schedule of anti-dilutive securities from computation of diluted net income (loss) per share

The following table sets forth the potential common shares issuable upon the exercise of outstanding options, the vesting of restricted stock units (“RSUs”), and the conversion of the 2022 Convertible Notes, which were excluded from our computation of diluted net income (loss) per share because their inclusion would have been anti-dilutive (in thousands):


	Nine Months Ended September 30,
	2020	2019
Options to purchase shares of common stock	4,233	3,988
Shares of common stock issuable upon the vesting of RSUs	1,035	1,645
2022 Convertible Notes	11,695	11,695
Total	16,963	17,328