Net (Loss) Income Per Share

9 Months Ended

Sep. 30, 2020

NOTE 18. NET (LOSS) INCOME PER SHARE

The following is a reconciliation of the numerator and denominator of basic and diluted net (loss) income per share for the three and nine months ended September 30, 2020 and 2019 (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Numerator:
(Loss) income from continuing operations	$	(68,974)	$	(41,431)	$	106,217	$	(152,095)


Loss from discontinued operations, net of tax	(6,913)		(37,984)		(41,616)		(51,898)
Net (loss) income	$	(75,887)	$	(79,415)	$	64,601	$	(203,993)
Denominator:
For basic per share data—weighted average shares	230,040		226,598		228,985		225,804
Dilutive effect of ordinary share equivalents	—		—		4,394		—

For diluted per share data—weighted average shares	230,040		226,598		233,379		225,804

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.

All potentially dilutive items were excluded from the diluted share calculation for the three months ended September 30, 2020 because their effect would have been anti-dilutive as the Company was in a loss position. For the nine months ended September 30, 2020, aggregate stock options and stock awards of 7.1 million and 6.4 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 nine months ended September 30, 2019 because their effect would have been anti-dilutive as the Company was in a loss position.