Net Income Per Share

3 Months Ended

Mar. 31, 2020

Note 13: Net Income Per Share

“Basic net income (loss) per share” is calculated using the weighted average number of common shares outstanding during the period. “Diluted net income (loss) per share” is calculated using the weighted average number of common shares outstanding plus the number of dilutive potential common shares outstanding during the period. Dilutive potential common shares consist of the incremental common shares issuable upon the exercise of outstanding stock options and the vesting of unvested RSUs. Dilutive potential common shares are excluded from the calculation of diluted net income per share if their effect is antidilutive.

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


	Three months ended March 31,
	2020		2019
Numerator:
Net income (loss) attributable to Blucora, Inc.	$	(315,494)	$	62,170
Denominator:
Weighted average common shares outstanding—basic	47,827		48,161
Dilutive potential common shares	—		1,381
Weighted average common shares outstanding—diluted	47,827		49,542
Net income (loss) per share attributable to Blucora, Inc.:
Basic	$	(6.60)	$	1.29
Diluted	$	(6.60)	$	1.25
Shares excluded	3,093		256

Shares were excluded from the calculation of diluted net income (loss) per share for these periods because their effect would have been anti-dilutive.