Annual report pursuant to Section 13 and 15(d)

Net Income Per Share

v3.20.4
Net Income Per Share
 12 Months Ended
Dec. 31, 2020
Earnings Per Share [Abstract]  
Net Income Per Share Net Income Per Share Basic net income per share is computed by dividing net income attributable to common stockholders by the weighted-average number of common shares outstanding during the period. Diluted net income per share is computed by dividing net income attributable to common stockholders by the weighted-average number of common
shares outstanding during the period adjusted to include the effect of potentially dilutive securities. Potentially dilutive securities are excluded from the computation of dilutive EPS in periods in which the effect would be antidilutive.
The computation of the Company’s basic and diluted net income per share is as follows (in thousands, except per share amounts):
Years Ended December 31,
2020 2019 2018
Numerator:
Net income attributable to common stockholders $ (173,394) $ 26,335  $ 26,657 
Denominator:
Weighted average shares used to compute net income per share attributable to common stockholders, basic
 139,606  116,397  110,089 
Weighted average effect of potentially dilutive shares to purchase common stock
 —  7,479  7,023 
Weighted average shares used to compute net income per share attributable to common stockholders, diluted
 139,606  123,876  117,112 
Net income per share attributable to common stockholders
Basic
 $ (1.24) $ 0.23  $ 0.24 
Diluted
 $ (1.24) $ 0.21  $ 0.23 
The following shares were excluded from the computation of diluted net income per share as the impact of including those shares would be anti-dilutive (in thousands):
Year Ended December 31,
2020 2019 2018
Warrants
 —  —  625 
Outstanding stock options
 1,286  1,486  3,271 
Unvested restricted stock units
 1,493  673  649 
Total
 2,779  2,159  4,545