| Net Income (Loss) Per Share |
Note 14. Net Income (Loss) Per Share
The computation of the Company’s basic and diluted net loss per share are as follows (in thousands, except per share amounts):
|
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
|
|
|
2016 |
|
|
2015 |
|
|
2016 |
|
|
2015 |
|
|
Numerator: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) attributable
to common stockholders |
|
$ |
32,643 |
|
|
$ |
7,540 |
|
|
$ |
45,777 |
|
|
$ |
(10,455 |
) |
|
Less: Net income allocated to
participating securities |
|
|
— |
|
|
|
(7,540 |
) |
|
|
— |
|
|
|
— |
|
|
Net Income (loss) available to
common stockholders |
|
$ |
32,643 |
|
|
$ |
— |
|
|
$ |
45,777 |
|
|
$ |
(10,455 |
) |
|
Denominator: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average shares used to
compute net income (loss) per
share attributable to common
stockholders, basic |
|
|
101,969 |
|
|
|
26,215 |
|
|
|
101,621 |
|
|
|
25,322 |
|
|
Weighted average effect of
potentially dilutive shares
to purchase common stock |
|
|
2,799 |
|
|
|
— |
|
|
|
2,873 |
|
|
|
— |
|
|
Weighted average shares used to
compute net income (loss) per
share attributable to common
stockholders, diluted |
|
|
104,768 |
|
|
|
26,215 |
|
|
|
104,494 |
|
|
|
25,322 |
|
|
Net income (loss) per share
attributable to common
stockholders |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
$ |
0.32 |
|
|
$ |
— |
|
|
$ |
0.45 |
|
|
$ |
(0.41 |
) |
|
Diluted |
|
$ |
0.31 |
|
|
$ |
— |
|
|
$ |
0.44 |
|
|
$ |
(0.41 |
) |
The following shares were excluded from the computation of diluted net income (loss) per share as the impact of including those shares would be anti-dilutive (in thousands):
|
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
|
|
|
2016 |
|
|
2015 |
|
|
2016 |
|
|
2015 |
|
|
Preferred stock |
|
|
— |
|
|
|
54,841 |
|
|
|
— |
|
|
|
54,841 |
|
|
Warrants |
|
|
1,251 |
|
|
|
— |
|
|
|
1,251 |
|
|
|
— |
|
|
Outstanding stock options |
|
|
8,060 |
|
|
|
12,454 |
|
|
|
8,060 |
|
|
|
12,454 |
|
|
Unvested restricted stock units |
|
|
1,328 |
|
|
|
35 |
|
|
|
1,328 |
|
|
|
35 |
|
|
Total |
|
|
10,639 |
|
|
|
67,330 |
|
|
|
10,639 |
|
|
|
67,330 |
|
|