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Earnings Per Share
 9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
Basic earnings per share (“EPS”) excludes dilution and is computed by dividing net income (loss) attributable to Novatel Wireless, Inc. 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 and RSUs 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 share and per share data):
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2016
 
2015
 
2016
 
2015
Net loss attributable to Novatel Wireless, Inc.
$
(18,567
)
 
$
(20,847
)
 
$
(33,172
)
 
$
(37,893
)
Weighted-average common shares outstanding
53,876,795

 
55,180,537

 
53,584,410

 
51,647,970

Basic and diluted net loss per share
$
(0.34
)
 
$
(0.38
)
 
$
(0.62
)
 
$
(0.73
)

For the three and nine months ended September 30, 2016, the computation of diluted EPS excluded 11,653,167 shares related to warrants, stock options and RSUs as their effect would have been anti-dilutive. For the three and nine months ended September 30, 2015, the computation of diluted EPS excluded 8,520,706 shares related to warrants, stock options and RSUs as their effect would have been anti-dilutive.