Net Income Per Share (Tables)

12 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Summary of Dilutive Effect for Awards with Exercise Price Less Than Average Stock Price

The calculation of basic and diluted net income per share attributable to Blucora, Inc. is as follows (in thousands):

	Years Ended December 31,
	2019		2018			2017
Numerator:
Net income	$	48,148	$	51,569		$	29,376
Net income attributable to noncontrolling interests	—		(935		)	(2,337		)
Adjustment of redeemable noncontrolling interests (1)	—		(5,977		)	—
Net income attributable to Blucora, Inc. shareholders after adjustment of redeemable noncontrolling interests	$	48,148	$	44,657		$	27,039
Denominator:
Basic weighted average common shares outstanding	48,264		47,394			44,370
Dilutive potential common shares	1,018		1,987			2,841
Diluted weighted average common shares outstanding	49,282		49,381			47,211
Net income per share attributable to Blucora, Inc.:
Basic net income per share	$	1.00	$	0.94		$	0.61
Diluted net income per share	$	0.98	$	0.90		$	0.57
Shares excluded	1,150		354			1,058

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(1)

For the year ended December 31, 2018, the redemption value adjustment for our redeemable noncontrolling interest was deducted from net income for purposes of calculating net income per share attributable to Blucora, Inc. This redeemable noncontrolling interest was subsequently redeemed in 2019. See “Note 2—Summary of Significant Accounting Policies” for further discussion of redeemable noncontrolling interests.