Net Income (Loss) per Common Share Attributable to Identiv Stockholders' Equity

9 Months Ended

Sep. 30, 2019

Net Income (Loss) per Common Share Attributable to Identiv Stockholders' Equity

13. Net Income (Loss) per Common Share Attributable to Identiv Stockholders’ Equity

Basic net income (loss) per share is computed by dividing net income (loss) during the period by the weighted average number of common shares outstanding during that period. Diluted net income (loss) per share is impacted by equity instruments considered to be potential common shares, if dilutive, computed using the treasury stock or the if-converted method of accounting. The calculations for basic and diluted net income (loss) per share for the three and nine months ended September 30, 2019 are as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2019			2018			2019			2018
Basic EPS:
Numerator:
Net income (loss) attributable to Identiv, Inc.	$	1,069		$	(287	)	$	670		$	(5,338	)
Less: accretion of Series B preferred stock dividends		(262	)		—			(780	)		—
Net income (loss) available to common stockholders	$	807		$	(287	)	$	(110	)	$	(5,338	)

Denominator:
Weighted average common shares outstanding - basic		17,006			15,750			16,933			15,484
Net income (loss) per common share - basic	$	0.05		$	(0.02	)	$	(0.01	)	$	(0.34	)

Diluted EPS:
Numerator:
Net income (loss) available to common stockholders	$	807		$	(287	)	$	(110	)	$	(5,338	)
Plus: accretion of Series B preferred stock dividends, if dilutive		—			—			—			—
Net income (loss) available to common stockholders	$	807		$	(287	)	$	(110	)	$	(5,338	)

Denominator:
Weighted average common shares outstanding - basic		17,006			15,750			16,933			15,484
Dilutive securities:
Stock options		52			—			—			—
RSUs		353			—			—			—
Warrants		355			—			—			—
Total dilutive securities		760			—			—			—
Weighted average common shares outstanding - diluted		17,766			15,750			16,933			15,484
Net income (loss) per common share - diluted	$	0.05		$	(0.02	)	$	(0.01	)	$	(0.34	)

The following common stock equivalents have been excluded from diluted net income (loss) per share for the three and nine months ended September 30, 2019 and 2018 because their inclusion would have been anti-dilutive (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Shares of common stock subject to outstanding RSUs		—		1,455		1,214		1,455
Shares of common stock subject to outstanding stock options		131		622		576		622
Shares of common stock subject to outstanding warrants		—		765		620		765
Shares of common stock issuable upon conversion of Series B preferred stock		5,403		5,000		5,403		5,000
Total		5,534		7,842		7,813		7,842