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Income (Loss) per Share
 9 Months Ended
Sep. 30, 2021
Income (Loss) Per Share  
Income (Loss) Per Share

10.          Income (Loss) Per Share

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For the Three Months Ended

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For the Nine Months Ended

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September 30, 

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September 30, 

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2021

    

2020

    

2021

    

2020

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(in thousands)

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(in thousands)

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Net income (loss) attributable to Innodata Inc. and Subsidiaries

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$

(800)

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$

206

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$

(505)

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$

(568)

Weighted average common shares outstanding

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26,971

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24,470

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26,459

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24,427

Dilutive effect of outstanding options

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-

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790

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Adjusted for dilutive computation

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26,971

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25,260

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26,459

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24,427

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Basic income (loss) per share is computed using the weighted-average number of common shares outstanding during the year. Diluted income 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 loss per share is used.

Options to purchase 5.1 million shares of common stock for the three months ended September 30, 2021 were outstanding but not included in the computation of diluted loss per share because the effect would have been anti-dilutive. 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 per share because the exercise price of the options was greater than the average market price of the common shares.

Options to purchase 5.1 million and 7.0 million shares of common stock for the nine months ended September 30, 2021 and 2020, respectively, were outstanding but not included in the computation of diluted loss per share because the effect would have been anti-dilutive.