Income (Loss) Per Share

3 Months Ended

Mar. 31, 2020

INCOME (LOSS) PER SHARE

Basic per share amounts were computed using the weighted average number of common shares outstanding. Diluted per share amounts were calculated using the number of basic weighted average shares outstanding increased by dilutive potential common shares related to stock-based awards, as determined by the treasury stock method. The weighted average numbers of shares outstanding used to compute income (loss) per share were as follows (in thousands):



	Three Months Ended March 31,
	2020	2019
Shares used to calculate basic income (loss) per share	29,796	29,573
Dilutive effect of outstanding stock options, performance stock units and restricted stock units	788	—
Shares used to calculate diluted income (loss) per share	30,584	29,573

The weighted average numbers of shares outstanding listed in the table below were anti-dilutive and excluded from the computation of diluted per share due to loss from continuing operations, as such, the exercise or conversion of any potential shares would increase the number of shares in the denominator and results in a lower loss per share (in thousands):



	Three Months Ended March 31,
	2020	2019
Restricted stock units	—	39
Stock options	—	30

The weighted average numbers of shares outstanding listed in the table below were anti-dilutive and excluded from the computation of diluted income (loss) per share. In the case of restricted stock units, this is because unrecognized compensation expense exceeds the current value of the awards (i.e., grant date market value was higher than current average market price). In the case of stock options, this is because the average market price did not exceed the exercise price. These shares may be dilutive potential common shares in the future (in thousands):



	Three Months Ended March 31,
	2020	2019
Restricted stock units	160	341
Stock options	48	91