Income (Loss) Per Share

9 Months Ended

Sep. 30, 2020

10. Income (Loss) Per Share


	(In thousands)
	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
Net income (loss) attributable to Innodata Inc. and Subsidiaries	$	206	$	(563)	$	(568)	$	(1,709)

Weighted average common shares outstanding		24,470		25,856		24,427		25,870
Dilutive effect of outstanding options		790		—		—		—
Adjusted for dilutive computation		25,260		25,856		24,427		25,870

Basic income (loss) per share is computed using the weighted-average number of common shares outstanding during the year. Diluted income (loss) per share is computed by considering the impact of the potential issuance of common shares, using the treasury stock method, on the weighted average number of shares outstanding. 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 2.3 million shares of common stock for the three months ended September 30, 2020, were outstanding but not included in the computation of diluted income (loss) per share because the exercise price of the options were greater than the average market price of the common shares and therefore have not been considered as potential equity shares. Diluted loss per share and Basic loss per share are the same due to the reported loss for three months ended September 30, 2019. Options to purchase 6.9 million shares of common stock were anti-dilutive for three months ended September 30, 2019.

Diluted loss per share and Basic loss per share are the same due to the reported loss for the nine months ended September 30, 2020 and September 30, 2019. Options to purchase 7.0 million shares and 6.9 million shares of common stock were anti-dilutive for nine months ended September 30, 2020 and September 30, 2019, respectively.