Net Income Per Share

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Net Income Per Share

Net Income Per ShareBasic net income per share is computed by dividing net income for the period by the weighted-average number of shares outstanding during the period. In periods of net loss, all potential common shares are anti-dilutive, so diluted net loss per share equals the basic net loss per share. In periods of net income, diluted net income per share is computed by dividing net income for the period by the basic weighted-average number of shares plus any dilutive potential common stock outstanding during the period. Potential common stock includes the effect of outstanding dilutive stock options, restricted stock awards, and restricted stock units computed using the treasury stock method. Any anti-dilutive weighted-average dilutive shares related to stock award plans are excluded from the computation of the diluted net income per share.

The basic and diluted net income per share calculations for the three months ended March 31, 2020 and 2019 were as follows:

	Three Months Ended March 31,
	2020		2019
	(In thousands, except per share data)
Net income	$	11,311	$	3,284
Weighted-average shares outstanding — basic	42,357		40,692
Effect of dilutive securities from stock award plans	1,264		1,589
Weighted-average shares outstanding — diluted	43,621		42,281
Net income per share - basic	$	0.27	$	0.08
Net income per share - diluted	$	0.26	$	0.08
Anti-dilutive weighted-average shares related to stock award plans	1,744		635