EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2020

EARNINGS PER SHARE

Basic 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 six month period ended June 30, 2020, 1.4 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 2.1 million and 2.0 million shares for the three and six month periods ended June 30, 2020, and approximately 0.5 million and 0.6 million shares for the three and six month periods ended June 30, 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 June 30,						Six Months Ended June 30,
	2020		2019		2020		2019
Net income (loss)	$	1,862	$	3,061	$	(4,688)	$	4,649

Weighted-average shares outstanding—basic	48,427		48,918		48,781		48,513
Add shares issuable from stock-based awards	1,264		2,957		—		2,626
Weighted-average shares outstanding—diluted	49,691		51,875		48,781		51,139

Basic earnings (loss) per share	$	0.04	$	0.06	$	(0.10)	$	0.10
Diluted earnings (loss) per share	$	0.04	$	0.06	$	(0.10)	$	0.09