Quarterly report pursuant to Section 13 or 15(d)

Net Income per Share (Tables)

v3.19.3
Net Income per Share (Tables)
9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted Net Income Per Share
The following table presents the calculation of basic and diluted net income per share:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
 
(in thousands, except per share amounts)
Numerator:
 
 
 
 
 
 
 
Net income
$
11,704

 
$
9,073

 
$
38,039

 
$
28,453

Denominator:
 
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
 
Weighted average common shares used in computing basic net income per share
92,239

 
91,222


91,884


85,874

Diluted:
 
 
 
 
 
 
 
Add weighted average effect of dilutive securities:
 
 
 
 
 
 
 
Stock options and restricted stock
1,337

 
2,300

 
1,420

 
2,305

Convertible Notes and Warrants
3,380

 
2,725

 
2,844

 
2,059

Contingently issuable shares in connection with our acquisitions
158

 
343

 
244

 
213

Weighted average common shares used in computing diluted net income per share
97,114


96,590


96,392


90,451

Net income per share:
 
 
 
 
 
 
 
Basic
$
0.13

 
$
0.10

 
$
0.41

 
$
0.33

Diluted
$
0.12

 
$
0.09

 
$
0.39

 
$
0.31