Net income (loss) per Share

9 Months Ended

Sep. 30, 2020

Basic net income (loss) per share is computed by dividing the net income (loss) by the weighted-average number of shares of common stock outstanding, less restricted stock awards ("RSAs") subject to forfeiture. Diluted net income (loss) per share is computed by dividing net income (loss) by the weighted-average number of shares of common stock outstanding, less RSAs subject to forfeiture, plus all additional common stock shares that would have been outstanding, assuming dilutive potential common stock shares had been issued for other dilutive securities. For periods of net loss, diluted and basic net loss per share are identical since potential common stock shares are excluded from the calculation, as their effect was anti-dilutive.

The following table sets forth the computation of basic and diluted net income (loss) per share during the three and nine months ended September 30, 2020 and 2019 (in thousands, except per share amounts):


	Three months ended September 30,				Nine months ended September 30,
	2020		2019		2020		2019
Numerator:
Net income (loss)	(6,094)		343		(20,090)		(11,300)
Denominator:
Weighted average common stock shares used in computing net income (loss) per share, basic	59,061		58,287		58,984		55,818
Effect of dilutive shares	—		3,125		—		—
Weighted average common stock shares used in computing net income (loss) per share, diluted	59,061		61,412		58,984		55,818
Net income (loss) per share, basic	$	(0.10)	$	0.01	$	(0.34)	$	(0.20)
Net income (loss) per share, diluted	$	(0.10)	$	0.01	$	(0.34)	$	(0.20)

Anti-Dilutive Securities

The following shares were not considered in the computation of diluted net income (loss) per share because their effect was anti-dilutive (in thousands):


	Three months ended September 30,		Nine months ended September 30,
	2020	2019	2020	2019
Shares issuable under the Equity Incentive Plan	5,182	1,019	5,182	5,623