Net Income (Loss) Per Share

3 Months Ended

Mar. 31, 2021

12. Net Income (Loss) Per Share

For the three months ended March 31, 2021 and 2020, basic income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Potentially dilutive shares of common stock from outstanding stock options, RSUs and warrants are determined using the average share price for each period under the treasury stock method. Proceeds from the exercises of stock options and warrants and the average amount of unrecognized compensation expense are assumed to be used to repurchase shares.

The following table sets forth the reconciliation of basic and diluted loss per share for the three months ended March 31, 2021 and 2020 (in thousands except per share amounts):

	Three Months Ended March 31,
	2021		2020
Numerator
Net income (loss) used for basic and diluted income (loss) per share	$	2,510	$	(65,195	)

Denominator for basic income (loss) per share		280,604		182,609
Potentially dilutive shares from stock options, RSUs and warrants		17,305		—
Denominator for diluted income (loss) per share		297,909		182,609
Basic income (loss) per share	$	0.01	$	(0.36	)
Diluted income (loss) per share	$	0.01	$	(0.36	)

Shares of common stock issuable pursuant to stock options and warrants that would have been excluded because the effect would have been anti-dilutive consisted of the following (in thousands):

	Three Months Ended March 31,
	2021		2020
Anti-dilutive shares for outstanding options and RSUs		2,987		13,678
Anti-dilutive shares for outstanding warrants		—		52,548