Income (Loss) Per Share

9 Months Ended

Sep. 30, 2018

10.	Income (Loss) Per Share

	Three months ended September 30,					Nine months ended September 30,
	2018		2017			2018			2017
	(in thousands)					(in thousands)
Net income (loss) attributable to Innodata Inc. and Subsidiaries	$	688	$	(1,068	)	$	(46	)	$	(2,964	)

Weighted average common shares outstanding		25,877		25,877			25,877			25,795
Dilutive effect of outstanding options		216		-			-			-
Adjusted for dilutive effects		26,093		25,877			25,877			25,795

Basic net income (loss) per share is computed using the weighted average number of common shares outstanding during the period. For those securities that are not convertible into a class of common stock, the “two-class” method of computing income (loss) per share is used.

Options to purchase 3.5 million shares and 5.1 million shares of common stock for the three months ended September 30, 2018 and 2017, respectively, were outstanding but not included in the computation of diluted income (loss) per share because the exercise price of the options was greater than the average market price of the common shares and therefore the effect would have been

anti-dilutive.

Options to purchase 4.3 million shares and 5.1 million shares of common stock for the nine months ended September 30, 2018 and 2017, respectively, were outstanding but not included in the computation of diluted net income (loss) per share because the exercise price of the options was greater than the average market price of the common shares and therefore the effect would have been anti-dilutive.