NET INCOME (LOSS) PER SHARE

9 Months Ended

Sep. 30, 2020

Basic and diluted net income (loss) per share was as follows:



	Three Months Ended September 30,					Nine Months Ended September 30,
	2020		2019			2020		2019
	(In thousands, except per share amounts)					(In thousands, except per share amounts)
Basic net income (loss) per share:
Net income (loss)	$	32,337	$	(27,610	)	$	41,148	$	34,882
Weighted average common shares outstanding	84,325		85,688			84,745		85,536
Basic net income (loss) per common share	$	0.38	$	(0.32	)	$	0.49	$	0.41

Diluted net income (loss) per share:
Net income (loss)	$	32,337	$	(27,610	)	$	41,148	$	34,882

Weighted average common shares outstanding — Basic	84,325		85,688			84,745		85,536
Effect of dilutive securities:
Stock options and restricted stock	427		—			558		1,045
Weighted average common shares for diluted earnings per share	84,752		85,688			85,303		86,581

Diluted net income (loss) per common share	$	0.38	$	(0.32	)	$	0.48	$	0.40

Common stock of approximately 0.3 million and 0.6 million shares at September 30, 2020, and 2019, respectively that are issuable through exercise of dilutive securities were not included in the computation of diluted net income (loss) per share because their effect would have been anti-dilutive.

Performance Shares and Restricted Units that entitle the holders to approximately 0.5 million shares of common stock are included in the basic and diluted weighted average shares outstanding calculation from their date of issuance because no further consideration is due related to the issuance of the underlying common shares.