Earnings Per Share

3 Months Ended

Mar. 31, 2016

Basic earnings per share (“EPS”) excludes dilution and is computed by dividing net income (loss) attributable to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock using the treasury stock method. Potentially dilutive securities (consisting of warrants, stock options, RSUs and ESPP withholdings calculated using the treasury stock method) are excluded from the diluted EPS computation in loss periods and when the applicable exercise price is greater than the market price on the period end date as their effect would be anti-dilutive.

The calculation of basic and diluted EPS was as follows (in thousands, except per share data):



	Three Months Ended March 31,
	2016			2015
Net loss attributable to Novatel Wireless, Inc.	$	(11,904	)	$	(7,826	)
Weighted-average common shares outstanding	53,251			46,262
Basic and diluted net loss per share	$	(0.22	)	$	(0.17	)

For the three months ended March 31, 2016 and 2015, the computation of diluted EPS excluded 10,574,618 shares and 5,483,254 shares, respectively, related to warrants, stock options, RSUs and the ESPP as their effect would have been anti-dilutive.