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Income (Loss) Per Share
 3 Months Ended
Mar. 31, 2024
Income (Loss) Per Share  
Income (Loss) Per Share

12.Income (Loss) Per Share

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The calculation of the dilutive effect of outstanding options is shown in the table below (in thousands):

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For the Three Months Ended

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March 31, 

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2024

    

2023

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

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$

989

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$

(2,116)

Weighted average common shares outstanding

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28,753

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27,460

Dilutive effect of outstanding options

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3,486

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Adjusted for dilutive computation

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32,239

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27,460

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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 (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 3,000 shares of common stock for the three months ended March 31, 2024 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 6.6 million shares of common stock for the three months ended March 31, 2023, were outstanding but not included in the computation of diluted loss per share because the effect would have been anti-dilutive.