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Net Income per share | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2021 | Dec. 31, 2020
Net Income per share | Note 7: Net income per share Basic net income per share is computed by dividing net income by the weighted-average number of common shares outstanding for the period, without consideration for potentially dilutive securities. Diluted net income per share is computed by dividing net income by the weighted-average number of common shares and dilutive common share equivalents outstanding for the period determined using the treasury-stock and if-converted methods. Dilutive common share equivalents are comprised of warrants and shares issuable under our convertible debt arrangement described above. The following table presents the calculation of basic and diluted net income per share (in thousands except share and per share amounts):
|  | Three months ended March 31, |
|  | 2021 |  |  | 2020 |
Numerator: |  |  |  |  |  |  |  |
Net income applicable to common shareholders—basic |  | $ | 19,416 |  |  | $ | 12,860 |
Dilutive effect of assumed conversion of convertible debt |  |  | — |  |  |  | 1,814 |
Net income applicable to common shareholders—diluted |  | $ | 19,416 |  |  | $ | 14,674 |
Denominator: |  |  |  |  |  |  |  |
Weighted average shares outstanding—basic |  |  | 2,214,522 |  |  |  | 1,192,725 |
Dilutive effect of assumed conversion of convertible debt |  |  | — |  |  |  | 715,258 |
Dilutive effect of assumed conversion of warrants |  |  | — |  |  |  | 128,868 |
Weighted average shares outstanding—diluted |  |  | 2,214,522 |  |  |  | 2,036,851 |
Basic net income per share |  | $ | 8.77 |  |  | $ | 10.78 |
Diluted net income per share |  | $ | 8.77 |  |  | $ | 7.20 |
| Note 8: Net Income per share Basic net income per share is computed by dividing net income by the weighted-average number of common shares outstanding for the period, without consideration for potentially dilutive securities. Diluted net income per share is computed by dividing net income by the weighted-average number of common shares and dilutive common share equivalents outstanding for the period determined using the treasury-stock and if-converted methods. Dilutive common share equivalents are comprised of warrants and shares issuable under our convertible debt arrangement described in Note4: Debt. The following table presents the calculation of basic and diluted net income per share (in thousands except share and per share amounts):
|  | Years ended December 31, |
|  | 2020 |  |  | 2019 |
Numerator |  |  |  |  |  |  |  |
Net income applicable to common stockholders — basic |  | $ | 53,623 |  |  | $ | 36,325 |
Dilutive effect of assumed conversion of convertible debt |  |  | 2,687 |  |  |  | 7,311 |
Net income applicable to common stockholders — diluted |  | $ | 56,310 |  |  | $ | 43,636 |
Denominator |  |  |  |  |  |  |  |
Weighted average common shares outstanding — basic |  |  | 1,807,410 |  |  |  | 1,192,725 |
Dilutive effect of assumed conversion of convertible debt |  |  | 295,028 |  |  |  | 715,258 |
Dilutive effect of assumed conversion of warrants |  |  | 46,676 |  |  |  | 87,148 |
Weighted average common shares outstanding — diluted |  |  | 2,149,114 |  |  |  | 1,995,131 |
Net Income per share applicable to common stockholders — basic |  | $ | 29.67 |  |  | $ | 30.46 |
Net Income per share applicable to common stockholders — diluted |  | $ | 26.20 |  |  | $ | 21.87 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257 + Details
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