Net Income (Loss) Per Share

3 Months Ended

Mar. 31, 2020

NOTE 17. NET INCOME (LOSS) PER SHARE

The following is a reconciliation of the numerator and denominator of basic and diluted net income (loss) per share for the three months ended March 31, 2020 and 2019 (in thousands):



	Three Months Ended March 31,
	2020			2019
Numerator:
Income (loss) from continuing operations	$	157,581		$	(12,612	)
Loss from discontinued operations, net of tax	(27,651		)	(5,961		)
Net income (loss)	$	129,930		$	(18,573	)
Denominator:
For basic per share data—weighted average shares	227,198			224,594
Dilutive effect of ordinary share equivalents	5,816			—
For diluted per share data—weighted average shares	233,014			224,594

Basic net income (loss) per share amounts are computed based on the weighted average number of ordinary shares outstanding during the period. Diluted net income (loss) per share amounts are computed based on the weighted average number of ordinary shares outstanding and, if there is net income from continuing operations during the period, the dilutive effect of ordinary share equivalents outstanding during the period.

The dilutive effect of ordinary share equivalents is measured using the treasury stock method. Stock options and awards that have been issued but for which a grant date has not yet been established are not considered in the calculation of basic or diluted weighted average shares.

For the three months ended March 31, 2020, aggregate stock options and stock awards of 7.2 million and 3.3 million, respectively, were excluded from the diluted share calculation because their effect would have been anti-dilutive. All potentially dilutive items were excluded from the diluted share calculation for the three months ended March 31, 2019 because their effect would have been anti-dilutive as the Company was in a loss position.