XML 26 R16.htm IDEA: XBRL DOCUMENT v3.7.0.1
Net Income (Loss) Per Share
 6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share
Net Loss Per Share

Basic and diluted earnings per share are calculated as follows:
 
 Three Months Ended June 30,
 
 Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
Numerator:
 
 
 
 
 
 
 
Net income (loss) (in thousands)
$
(8,404
)
 
$
5,389

 
$
(20,122
)
 
$
(11,104
)
Denominator:
 
 
 
 
 
 
 
Weighted average number of common shares outstanding
37,421,273
 
9,101,730
 
31,944,243
 
9,035,173
Effect of dilutive securities
 
 
 
 
 
 
 
Stock options
—

 
33,864

 
—

 
—

Warrants
—

 
138,273

 
—

 
—

Dilutive potential common shares
—

 
172,137

 
—

 
—

Shares used in calculating diluted earnings per share
37,421,273

 
9,273,867

 
31,944,243

 
9,035,173

 
 
 
 
 
 
 
 
Basic net income (loss) per share
$
(0.22
)
 
$
0.59

 
$
(0.63
)
 
$
(0.30
)
Diluted net income (loss) per share
$
(0.22
)
 
$
0.58

 
$
(0.63
)
 
$
(0.30
)


The following table sets forth the potentially dilutive common shares excluded from the calculation of net loss per common share because their inclusion would be anti-dilutive (in thousands):
 
 
 Three Months Ended June 30,
 
 Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
Warrants to purchase common stock
19,557

 
1,076

 
19,557

 
1,871

Options to purchase common stock
505

 
322

 
505

 
515

Total
20,062

 
1,398

 
20,062

 
2,386