Annual report pursuant to Section 13 and 15(d)

NET (LOSS) INCOME PER SHARE

v3.20.4
NET (LOSS) INCOME PER SHARE
12 Months Ended
Dec. 31, 2020
Earnings Per Share [Abstract]  
NET (LOSS) INCOME PER SHARE NET (LOSS) INCOME PER SHARE
          Basic net (loss) income per common share is computed by dividing the net (loss) income relevant to the common stockholders by the weighted-average number of shares outstanding during the year. Diluted net (loss) income per common share uses the same net (loss) income divided by the sum of the weighted-average number of shares of common stock outstanding during the period, plus dilutive effects of options, performance stock units and restricted stock units outstanding during the period calculated using the treasury method and the potential dilutive effects of preferred stocks (if any) calculated using the if-converted method.
(In thousands, except for per share data)
Year Ended December 31,
2020 2019 2018
Numerator (both basic and diluted)
Net (loss) income relevant to common stockholders $ (107,020) $ 163,010  $ 173,862 
Denominator
Denominator for basic net (loss) income per share 100,829  100,472  83,460 
Dilutive effect of stock options —  2,929  3,129 
Dilutive effect of performance stock units —  169  277 
Dilutive effect of restricted stock units —  179  180 
Denominator for diluted net (loss) income per share 100,829  103,750  87,046 
Basic net (loss) income per common share $ (1.06) $ 1.62  $ 2.08 
Diluted net (loss) income per common share $ (1.06) $ 1.57  $ 2.00 
          As shown in the table below, the following stock options, restricted stock units and performance stock units outstanding as of December 31, 2020, 2019 and 2018 have not been included in the calculation of diluted (loss) income per common share for the years ended December 31, 2020, 2019 and 2018 because they would be anti-dilutive to the calculation of diluted net (loss) income per common share:
(In thousands)
2020 2019 2018
Stock options 4,200  —  — 
Restricted stock units 1,165  —  — 
Performance stock units 1,019  —  — 
Total 6,384  —  —