Net Income (Loss) Per Share

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2020 and 2019 (in thousands):


	Three Months Ended June 30,						Six Months Ended June 30,
	2020		2019		2020		2019
Numerator:
Income (loss) from continuing operations	$	17,610	$	(98,052)	$	175,191	$	(110,664)


Loss from discontinued operations, net of tax	(7,052)		(7,953)		(34,703)		(13,914)
Net income (loss)	$	10,558	$	(106,005)	$	140,488	$	(124,578)
Denominator:
For basic per share data—weighted average shares	229,716		226,221		228,457		225,408
Dilutive effect of ordinary share equivalents	3,965		—		4,891		—

For diluted per share data—weighted average shares	233,681		226,221		233,348		225,408

Basic per share amounts are computed based on the weighted average number of ordinary shares outstanding during the period. Diluted 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 June 30, 2020, aggregate stock options and stock awards of 7.1 million and 6.6 million, respectively, were excluded from the diluted share calculation because their effect would have been anti-dilutive. For the six months ended June 30, 2020, aggregate stock options and stock awards of 7.2 million and 5.9 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 and six months ended June 30, 2019 because their effect would have been anti-dilutive as the Company was in a loss position.