NET INCOME PER SHARE Earnings Per Share (Notes)

6 Months Ended

Jun. 30, 2020

NET INCOME (LOSS) PER SHARE

Net income (loss) per common share is presented for both basic loss per share (“Basic EPS”) and diluted income (loss) per share (“Diluted EPS”). Basic EPS is based on the weighted-average number of common shares outstanding during the period. Diluted EPS is based on the weighted-average number of common shares and common share equivalents outstanding during the period.

The potential common shares that were considered anti-dilutive securities were excluded from the diluted earnings per share calculations for the relevant periods either because the sum of the exercise price per share and the unrecognized compensation cost per share was greater than the average market price of our common stock for the relevant periods, or because they were considered contingently issuable. The contingently issuable potential common shares result from certain stock options and restricted stock units granted to our employees that vest based on performance conditions, market conditions, or a combination of performance and market conditions.

The following table sets forth (in thousands) potential common shares that were considered anti-dilutive securities at June 30, 2020 and 2019.


	June 30, 2020	June 30, 2019
Options	465	599
Non-vested restricted stock units	3,177	3,223
Anti-dilutive potential common shares	3,642	3,822

The following table sets forth (in thousands) the basic and diluted weighted common shares outstanding for the three months ended June 30, 2020.


			June 30, 2020
Weighted common shares outstanding - basic			43,719
Net effect of common stock equivalents			461
Weighted common shares outstanding - diluted			44,180