Net Income (Loss) Per Share (Tables)

12 Months Ended

Dec. 31, 2019

Calculation of Basic and Diluted Net Income Per Share

The following table sets forth the calculation of basic and diluted net income (loss) per share:



	Years Ended December 31,
	2019		2018		2017
	(in thousands, except per share data)
Net income (loss) per share:
Numerator—basic:
Net income (loss) attributable to Switch, Inc.—basic	$	8,917	$	4,052	$	(15,208	)
Numerator—diluted:
Net income (loss) attributable to Switch, Inc.—basic	$	8,917	$	4,052	$	(15,208	)
Effect of dilutive securities:
Shares of Class B and Class C common stock	17,339		—		—
Net income (loss) attributable to Switch, Inc.—diluted	$	26,256	$	4,052	$	(15,208	)
Denominator—basic:
Weighted average shares outstanding—basic	76,501		45,682		8,074
Net income (loss) per share—basic	$	0.12	$	0.09	$	(1.88	)
Denominator—diluted:
Weighted average shares outstanding—basic	76,501		45,682		8,074
Weighted average effect of dilutive securities:
Stock options	712		50		—
RSUs	805		6		—
DEUs	24		8		—
RSAs	35		7		—
Shares of Class B and Class C common stock	168,252		—		—
Weighted average shares outstanding—diluted	246,329		45,753		8,074
Net income (loss) per share—diluted	$	0.11	$	0.09	$	(1.88	)

Potentially Dilutive Securities Excluded from the Computation of Diluted Net Income Per Share

The following table presents potentially dilutive securities excluded from the computation of diluted net income (loss) per share for the periods presented because their effect would have been anti-dilutive.



	Years Ended December 31,
	2019	2018	2017
	(in thousands)
Stock options⁽¹⁾	5,040	7,352	5,725
RSUs⁽¹⁾	—	2,228	31
Shares of Class B and Class C common stock⁽²⁾	—	191,426	216,569

________________________________________


(1)	Represents the number of instruments outstanding at the end of the period. Application of the treasury stock method would reduce this amount if they had a dilutive effect and were included in the computation of diluted net income (loss) per share.


(2)	Shares of Class B and Class C common stock at the end of the period are considered potentially dilutive shares of Class A common stock under application of the if-converted method.