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Net Income (Loss) Per Share (Tables)
 9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Reconciliation of Numerator and Denominator in Basic and Diluted Net Income (Loss) Per Common Share Computations

The following is a reconciliation of the numerator and denominator in the basic and diluted net income (loss) per common share computations (in thousands, except share and per share data):

 

 

 

Three months ended September 30,

 

 

Nine months ended September 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

5,865

 

 

$

(2,377

)

 

$

11,995

 

 

$

(1,288

)

Adjustments to numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividend paid to preferred stockholders

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(66,531

)

Accretion of convertible preferred stock to maximum

   redemption value

 

 

-

 

 

 

(371,228

)

 

 

-

 

 

 

(436,317

)

Net income (loss) attributable to common stockholders

 

$

5,865

 

 

$

(373,605

)

 

$

11,995

 

 

$

(504,136

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding - basic

 

 

45,813,801

 

 

 

5,109,016

 

 

 

45,132,567

 

 

 

2,151,324

 

Diluted common equivalents from stock options

 

 

3,241,620

 

 

 

-

 

 

 

4,064,723

 

 

 

-

 

Diluted common equivalents from restricted stock units

 

 

227,826

 

 

 

-

 

 

 

256,394

 

 

 

-

 

Diluted common equivalents from restricted stock awards

 

 

-

 

 

 

-

 

 

 

8,482

 

 

 

-

 

Weighted average common shares outstanding - diluted

 

 

49,283,247

 

 

 

5,109,016

 

 

 

49,462,166

 

 

 

2,151,324

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.13

 

 

$

(73.13

)

 

$

0.27

 

 

$

(234.34

)

Diluted

 

$

0.12

 

 

$

(73.13

)

 

$

0.24

 

 

$

(234.34

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Anti-dilutive securities excluded from diluted EPS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

601,749

 

 

 

7,083,483

 

 

 

503,516

 

 

 

7,083,483

 

Restricted stock units

 

 

444,274

 

 

 

596,217

 

 

 

13,688

 

 

 

596,217

 

Restricted stock awards

 

 

302,200

 

 

 

-

 

 

 

-

 

 

 

-

 

Total

 

 

1,348,223

 

 

 

7,679,700

 

 

 

517,204

 

 

 

7,679,700