EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2020

EARNINGS PER SHAREBasic earnings (loss) per share (“EPS”) is computed based on the weighted-average number of shares of common stock outstanding. Diluted EPS is computed based on the weighted-average number of shares of common stock outstanding plus

common stock equivalents, where dilutive. For the three months ended March 31, 2020, 1.6 million dilutive shares were excluded from the computation of shares contingently issuable upon exercise as we recognized a net loss. Outstanding stock-based awards that were anti-dilutive and excluded from the calculation of diluted EPS were approximately 1.8 million and 1.3 million shares for the three month periods ended March 31, 2020 and 2019, respectively. The following is a calculation of basic and diluted earnings per share and weighted-average shares outstanding (in thousands, except per share amounts):


	Three Months Ended March 31,
	2020		2019
Net income (loss)	$	(6,550)	$	1,588

Weighted-average shares outstanding—basic	49,134		48,103
Add shares issuable from stock-based awards	—		2,227
Weighted-average shares outstanding—diluted	49,134		50,330

Basic earnings (loss) per share	$	(0.13)	$	0.03
Diluted earnings (loss) per share	$	(0.13)	$	0.03