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Basic and diluted net (loss) / income per share
 12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Basic and diluted net (loss) / income per share
20. Basic and diluted net (loss) / income per share

Basic and diluted net (loss) / income per share for the years ended December 31, 2012, 2013 and 2014 are calculated as follows:

 

(Amounts expressed in thousands of United States dollars (“USD”), except for
number of shares and per share data)

    Years ended December 31,  
   2012      2013      2014  

Numerator:

         

Net (loss) / income attributable to Xunlei Limited

      503         10,662         10,812   

Beneficial Conversion Feature of Series C convertible preferred shares from their modifications

      (286 )       —           —     

Deemed contribution from Series C preferred shareholders

      2,979         —           —     

Accretion of Series D to convertible redeemable preferred shares redemption value

      (3,509 )       (4,300 )       (1,870 ) 

Contingent beneficial conversion feature of series C to one Series C shareholder

      —           —           (57 ) 

Deemed dividend to Series D shareholder from its modification

      —           —           (279 ) 

Accretion of Series E to convertible redeemable preferred shares redemption value

      —           —           (12,754 ) 

Amortization of beneficial conversion feature of Series E

      —           —           (4,139 ) 

Deemed dividend to certain shareholders from repurchase of shares

      —           —           (14,926 ) 

Acceleration of amortization of beneficial conversion feature of Series E upon initial public offering

      —           —           (49,346 ) 

Deemed dividend to preferred shareholders upon IPO

      —           —           (32,807 ) 

Allocation of net income to participating preferred shareholders

      —           (4,094 )       —     
  

 

 

     

 

 

     

 

 

  

Numerator of basic net (loss) / income per share

   (313 )    2,268      (105,366 ) 
  

 

 

     

 

 

     

 

 

  

Dilutive effect of warrant

   —        (1,531 )    —     
  

 

 

     

 

 

     

 

 

  

Numerator for diluted (loss) / income per share

   (313 )    737      (105,366 ) 

Denominator:

Denominator for basic net (loss) / income per share-weighted average shares outstanding

   61,447,372      61,447,372      194,711,227   

Dilutive effect of warrants

   —        2,218,935      —     

Dilutive effect of share options and restricted shares

   —        12,399,591      —     
  

 

 

     

 

 

     

 

 

  

Denominator for diluted net (loss) / income per share

   61,447,372      76,065,898      194,711,227   

Basic net (loss) / income per share

   (0.01 )    0.04      (0.54 ) 

Diluted net (loss) / income per share

   (0.01 )    0.01      (0.54 ) 

 

The following common shares equivalent were excluded from the computation of diluted net income per common share for the periods presented because including them would have had an anti-dilutive effect:

 

     Years ended December 31,  
     2012      2013      2014  

Preferred shares—weighted average

      110,083,912         110,953,534         93,213,683   

Share options and restricted shares —weighted average

      2,240,681         2,513,017         9,041,434