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Income (Loss) Per Share
 12 Months Ended
Dec. 31, 2020
Earnings Per Share [Abstract]  
Income (Loss) Per Share

17

INCOME (LOSS) PER SHARE

Basic net income (loss) per share is computed using the weighted average number of common shares outstanding for the period. Basic and diluted net income per ordinary share is calculated as follows (shares in thousands):

 

 

 

For the Years Ended December 31,

 

(shares in thousands)

 

2020

 

 

2019

 

 

2018

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

11,608

 

 

$

2,325

 

 

$

(7,515

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of common shares – Basic

 

 

58,526

 

 

 

49,418

 

 

 

44,357

 

Effect of dilutive securities – share-based employee options

   and awards

 

 

2,964

 

 

 

1,761

 

 

 

—

 

Weighted average number of common shares – Diluted

 

 

61,490

 

 

 

51,179

 

 

 

44,357

 

Antidilutive options and awards (1)

 

 

500

 

 

 

310

 

 

 

2,175

 

Net income (loss) per ordinary share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.20

 

 

$

0.05

 

 

$

(0.17

)

Diluted

 

$

0.19

 

 

$

0.05

 

 

$

(0.17

)

 

 

(1)

Options to purchase shares of common stock and unvested RSUs are not included in the calculation of net income (loss) per share because the effect would have been anti-dilutive.