Net Income (Loss) Per Share (Tables)

12 Months Ended

Dec. 31, 2020

Earnings Per Share [Abstract]

Computation of Denominators Used in Net Income (Loss) per Share

The denominators used in the net income (loss) per share computations are as follows:

	Year Ended December 31,
	2020	2019	2018
Basic:
Weighted average common shares outstanding	47,413,250	42,669,333	35,892,786
Diluted:
Weighted average common shares outstanding - Basic	47,413,250	42,669,333	35,892,786
Common stock equivalents*	501,780	—	—
Denominator for diluted net income (loss) per share	47,915,030	42,669,333	35,892,786

* For the year end December 31, 2020, common stock equivalents include dilutive stock options and restricted stock units. For the years ended December 31, 2019 and 2018, no amounts were considered as their effects would have been anti-dilutive due to net losses for those periods.

Computation of Basic and Diluted Net Income (Loss) per Share

Basic and diluted net income (loss) per share is computed as follows:

	Year Ended December 31,
	2020		2019		2018
Net income (loss) - basic and diluted	$	8,410	$	(106,373)	$	(74,013)
Weighted-average common shares outstanding - basic		47,413,250		42,669,333		35,892,786
Effect of dilutive securities:
Stock options		481,254		—		—
Restricted stock units		20,526		—		—
Weighted-average common shares outstanding - diluted		47,915,030		42,669,333		35,892,786
Net income (loss) per share:
Basic	$	0.18	$	(2.49)	$	(2.06)
Diluted	$	0.18	$	(2.49)	$	(2.06)