Net (Loss) Income Per Share

6 Months Ended

Jun. 30, 2020

2. Net (Loss) Income Per Share

The following table sets forth the computation of basic and diluted consolidated net (loss) income per share:

	Three Months Ended June 30,					Six Months Ended June 30,
(in thousands, except per share data)	2020			2019		2020			2019
Numerator:
Net (loss) income	$	(50,015	)	$	14,962	$	(44,717	)	$	24,348
Denominator for basic and diluted net (loss) income per share:
Weighted average common shares outstanding for basic		51,224			51,967		51,531			51,822
Dilutive potential common stock outstanding:
Stock options and employee stock purchase plan		—			14		—			15
Restricted stock units		—			479		—			634
Weighted average common shares outstanding for diluted		51,224			52,460		51,531			52,471
Basic net (loss) income per share	$	(0.98	)	$	0.29	$	(0.87	)	$	0.47
Diluted net (loss) income per share	$	(0.98	)	$	0.29	$	(0.87	)	$	0.46

The following weighted average outstanding common stock equivalents were not included in the calculation of net (loss) income per diluted share because their effects were anti-dilutive:

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2020		2019		2020		2019
Stock options, employee stock purchase plan, and restricted stock units		1,112		60		621		163
Warrants		18,783		10,865		17,236		10,865
Senior Convertible Notes		15,689		10,865		10,257		10,865
Total		35,584		21,790		28,114		21,893