Quarterly report pursuant to Section 13 or 15(d)

Net Income (Loss) Per Share

v3.19.2
Net Income (Loss) Per Share
 3 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share
Net Income (Loss) Per Share
Basic net income (loss) per share is calculated by dividing net income (loss) by the weighted-average number of shares of common stock outstanding during the period, less shares subject to repurchase, and excludes any dilutive effects of employee stock-based awards in periods where the Company had net losses. Because the Company was in a net loss position for the three months ended June 30, 2019, all potentially dilutive shares of common stock were determined to be anti-dilutive and, accordingly, were not included in the calculation of diluted net loss per share. For the three months ended June 30, 2018, the Company was in a net income position and has included the dilutive effect of employee stock-based awards using the treasury method and assuming an average stock price over the period of $1.71.
The following table sets forth the computation of net income (loss) per share of common stock (in thousands, except per share amounts):
 
 
Three months ended June 30,
 
 
2019
 
2018
Income / (loss) from continuing operations, net of taxes
 
$
(1,671
)
 
$
1,528

Weighted-average common shares outstanding, basic
 
81,814

 
76,204

Weighted-average common shares outstanding, diluted
 
81,814

 
79,598

Basic and diluted net income / (loss) per common share
 
$
(0.02
)
 
$
0.02

Common stock equivalents included in net income per diluted share
 
—

 
3,394

Common stock equivalents excluded from net loss per diluted share because their effect would have been anti-dilutive
 
6,844

 
—