Earnings per Share

3 Months Ended

Mar. 31, 2020

Basic earnings per share (EPS) is calculated by dividing the net income (loss) by the weighted average number of shares of common stock outstanding. Diluted EPS is computed by dividing the net income (loss) by the weighted average number of shares of common stock outstanding, plus potential outstanding common stock for the period. Potential outstanding common stock includes stock options and shares underlying RSUs, but only to the extent that their inclusion is dilutive.

The following table presents the calculation of basic and diluted net income (loss) per share of common stock for the three months ended March 31, 2020 and 2019:



	Three Months Ended
(in thousands, except for share and per share amounts)	March 31, 2020		March 31, 2019
Numerator:
Net income (loss)	$	486	$	(612	)
Denominator:
Weighted average shares outstanding, basic	53,806,317		52,752,774
Effect of dilutive securities	1,063,829		—
Weighted average shares outstanding, diluted	54,870,146		52,752,774
Net income (loss) per share, basic and diluted:
Basic	$	0.01	$	(0.01	)
Diluted	$	0.01	$	(0.01	)
Antidilutive securities excluded from calculations of diluted net income (loss) per share	3,095,224		3,068,806

The Company incurred a net loss for the three months ended March 31, 2019 causing inclusion of any potentially dilutive securities to have an anti-dilutive effect, resulting in dilutive loss per share and basic loss per share attributable to common stockholders being equivalent.