14. Net Income (Loss) Per Share (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of Earnings Per Share, Basic and Diluted

The calculation of basic and diluted net income (loss) per share for the three and nine months ended September 30, 2020 and 2019 was as follows (in thousands, except per share amounts):


	Three Months Ended September 30,						Nine Months Ended September 30,
	2020		2019		2020		2019
Basic net income (loss) per share
Numerator:
Net income (loss)	$	155,037	$	30,622	$	282,652	$	(55,525)
Denominator:
Weighted-average common shares outstanding	105,967		105,397		105,830		105,272

Diluted net income (loss) per share
Denominator:
Weighted-average common shares outstanding	105,967		105,397		105,830		105,272
Effect of restricted and performance stock units and stock purchase plan shares	784		830		707		—
Weighted-average shares used in computing diluted net income (loss) per share	106,751		106,227		106,537		105,272

Net income (loss) per share:
Basic	$	1.46	$	0.29	$	2.67	$	(0.53)
Diluted	$	1.45	$	0.29	$	2.65	$	(0.53)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table summarizes the shares of common stock that were excluded from the computation of diluted net income (loss) per share for the three and nine months ended September 30, 2020 and 2019 as such shares would have had an anti-dilutive effect (in thousands):


	Three Months Ended September 30,			Nine Months Ended September 30,
	2020	2019	2020	2019
Anti-dilutive shares	1	—	—	787