v3.6.0.2
Net Income (Loss) Per Share Attributable to Common Stockholders (Tables)
 12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Computation of numerators and denominators of basic and diluted net income (loss) per share attributable to common stockholders

The computations of the numerators and denominators of the basic and diluted net income (loss) per share attributable to common stockholders are as follows (in thousands, except per share amounts):

 

     Year Ended December 31,  
     2014     2015     2016  

Net income (loss) per share attributable to common stockholders—basic:

       

Numerator:

       

Net income

    $ 5      $ 15,929      $ 20,482   

Less: Income attributable to convertible preferred stock

      (5 )      (10,958 )      —   

Add: Preferred stock modification

      —        3,793        —   

Less: Premium on repurchase of convertible preferred stock

      —        —        (47,209 ) 
  

 

 

    

 

 

    

 

 

  

Net income (loss) attributable to common stockholders

    $ —      $ 8,764      $ (26,727 ) 
  

 

 

    

 

 

    

 

 

  

Denominator:

       

Weighted-average shares outstanding

      10,233        10,290        18,280   
  

 

 

    

 

 

    

 

 

  

Net income (loss) per share attributable to common stockholders—basic

    $ —      $ 0.85      $ (1.46 ) 
  

 

 

    

 

 

    

 

 

  

Net income (loss) per share attributable to common stockholders—diluted:

       

Numerator:

       

Net income (loss) attributable to common stockholders—basic

    $ —      $ 8,764      $ (26,727 ) 

Add: Income attributable to dilutive convertible preferred stock

      —        1,624        —   

Less: Preferred stock modification

      —        (3,793 )      —   
  

 

 

    

 

 

    

 

 

  

Net income (loss) attributable to common stockholders—diluted

    $ —      $ 6,595      $ (26,727 ) 
  

 

 

    

 

 

    

 

 

  

Denominator:

       

Weighted-average shares outstanding

      10,233        10,290        18,280   

Dilutive convertible preferred stock

      —        2,790        —   

Options to purchase common stock

      2,901        3,699        —   
  

 

 

    

 

 

    

 

 

  

Weighted-average shares outstanding—diluted

      13,134        16,779        18,280   
  

 

 

    

 

 

    

 

 

  

Net income (loss) per share attributable to common stockholders—diluted

    $ —      $ 0.39      $ (1.46 ) 
  

 

 

    

 

 

    

 

 

  

 
Schedule of anti-dilutive shares excluded from the calculation of diluted earnings (loss) per share

The following table presents the anti-dilutive shares excluded from the calculation of diluted net income (loss) per share attributable to common stockholders (in thousands):

 

     Year Ended December 31,  
     2014      2015      2016  

Anti-dilutive equity awards under stock-based award plans

      307         248         6,069   

Common shares issuable upon conversion of convertible preferred stock

      21,761         19,320         —   

Common shares issuable upon conversion of preferred stock warrants

      361         547         —   
  

 

 

     

 

 

     

 

 

  

Total shares excluded from net income (loss) per share attributable to common stockholders—diluted

      22,429         20,115         6,069