XML 11 R19.htm IDEA: XBRL DOCUMENT v3.19.3
NET INCOME (LOSS) PER SHARE
 9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
NET INCOME (LOSS) PER SHARE NET INCOME (LOSS) PER SHARE
The Company computes EPS in accordance with Accounting Standards Codification (“ASC”) Topic 260, “Earnings Per Share” (“ASC 260”) and related guidance, which requires two calculations of EPS to be disclosed: basic and diluted. Basic EPS is computed by dividing net (loss) by the weighted average ordinary shares outstanding during a period. Diluted EPS is based on the treasury stock method and includes the effect from potential issuance of ordinary shares, such as shares issuable pursuant to the exercise of stock options and restricted stock units. Ordinary share equivalents have been excluded where their inclusion would be anti-dilutive.
Basic and diluted net income (loss) per share was as follows:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
 
(In thousands, except per share amounts)
Basic net income per share:
 
 
 
 
 
 
 
Net income (loss)
$
(27,610
)
 
$
13,295

 
$
34,882

 
$
35,663

Weighted average common shares outstanding
85,688

 
85,193

 
85,536

 
82,058

Basic net income (loss) per common share
$
(0.32
)
 
$
0.16

 
$
0.41

 
$
0.43

 
 
 
 
 
 
 
 
Diluted net income per share:
 
 
 
 
 
 
 
Net income (loss)
$
(27,610
)
 
$
13,295

 
$
34,882

 
$
35,663

 
 
 
 
 
 
 
 
Weighted average common shares outstanding — Basic
85,688

 
85,193

 
85,536

 
82,058

Effect of dilutive securities:
 
 
 
 
 
 
 
Stock options and restricted stock
—

 
1,106

 
1,045

 
1,084

Weighted average common shares for diluted earnings per share
85,688

 
86,299

 
86,581

 
83,142

 
 
 
 
 
 
 
 
Diluted net income (loss) per common share
$
(0.32
)
 
$
0.15

 
$
0.40

 
$
0.43