XML 21 R8.htm IDEA: XBRL DOCUMENT

Income (Loss) Per Common Share

9 Months Ended

Sep. 30, 2019

Note 2 — Income (Loss) Per Common Share

Basic income (loss) per share is calculated by dividing net income (loss) by the weighted average number of shares outstanding during the period. Diluted income per share is calculated by dividing net income by the weighted average number of shares used to calculate basic income (loss) per share plus the weighted average number of common share equivalents outstanding during the period. The dilutive effect of outstanding options to purchase common stock and share-based awards is considered in diluted income per share by application of the treasury stock method. The dilutive effect of performance share units is included in diluted income per common share in the periods the performance targets have been achieved. The computations of basic and diluted income (loss) per share for the three and nine months ended September 30, 2019 and 2018 are as follows:


	Three months ended September 30,				Nine months ended September 30,
	2019		2018		2019		2018
	(in thousands, except per share amounts)
Net income (loss)	$	(11,767)	$	(8,953)	$	(45,862)	$	(262,414)
Net income (loss) per common share:
Basic	$	(0.25)	$	(0.19)	$	(0.97)	$	(5.55)
Diluted	$	(0.25)	$	(0.19)	$	(0.97)	$	(5.55)

Basic weighted average shares outstanding		47,489		46,982		47,361		47,283
Effect of potentially dilutive share-based awards		—		—		—		—
Diluted weighted average shares outstanding		47,489		46,982		47,361		47,283

Common share equivalents excluded from the diluted weighted average shares outstanding since Veeco incurred a net loss and their effect would be antidilutive		403		16		302		17
Potentially dilutive shares excluded from the diluted calculation as their effect would be antidilutive		1,874		2,617		1,893		2,469
Maximum potential shares to be issued for settlement of the Convertible Senior Notes excluded from the diluted calculation as their effect would be antidilutive		8,618		8,618		8,618		8,618