Net Income Per Share
|12 Months Ended|
Dec. 31, 2019
|Net Income Per Share|
|Net Income Per Share||
13. NET INCOME PER SHARE
Basic net income per share is calculated by dividing net income by the weighted average shares outstanding during the period, without consideration for common stock equivalents.
Diluted net income per share is calculated by adjusting weighted average shares outstanding for the dilutive effect of common stock equivalents outstanding for the period, determined using the treasury stock method.
Basic and diluted net income per share were computed as follows:
The following table summarizes shares excluded from the calculation of diluted net income per share because their effect would have been anti-dilutive:
The entire disclosure for earnings per share.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef