Net Income (Loss) per Share

12 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Net Income (Loss) per Share

Net Income (Loss) per Share

The following table summarizes the calculation of basic and diluted net income (loss) per share (in thousands, except per share amounts):

	Years Ended December 31,
	2019		2018
Net income (loss)	$	56,823	$	(27,379	)
Weighted-average common shares outstanding, basic	33,080		32,567
Dilutive effect of outstanding stock options	1,121		—
Dilutive effect of unvested RSAs	1		—
Dilutive effect of unvested RSUs	92		—
Weighted-average common shares outstanding, diluted	34,294		32,567
Net income (loss) per share, basic	$	1.72	$	(0.84	)
Net income (loss) per share, diluted	$	1.66	$	(0.84	)

The following weighted-average amounts were excluded from the calculation of diluted net income (loss) per share because their effect would be anti-dilutive (in thousands):

	Year Ended December 31,
	2019	2018
Outstanding stock options	3,727	5,573
Unvested RSAs	—	10
Unvested RSUs	24	146
Total	3,751	5,729