Net Income / (Loss) Per Share

3 Months Ended

Jun. 30, 2020

Basic net income / (loss) per share is calculated by dividing net income / (loss) by the weighted-average number of shares of common stock outstanding during the period, less shares subject to repurchase, and excludes any dilutive effects of employee stock-based awards in periods where the Company had net losses. Because the Company was in a net loss position for the three months ended June 30, 2019, all potentially dilutive shares of common stock were determined to be anti-dilutive and, accordingly, were not included in the calculation of diluted net loss per share.

The following table sets forth the computation of net income / (loss) from continuing operations, net of taxes, per share of common stock (in thousands, except per share amounts):


	Three months ended June 30,
	2020		2019
Income / (loss) from continuing operations, net of taxes	$	9,940	$	(1,671)
Weighted-average common shares outstanding, basic	87,386		81,814
Basic net income / (loss) per common share	$	0.11	$	(0.02)
Weighted-average common shares outstanding, diluted	93,108		81,814
Diluted net income / (loss) per common share	0.11		(0.02)
Common stock equivalents excluded from net loss per diluted share because their effect would have been anti-dilutive	—		6,844