Earnings Per Share

6 Months Ended

Jun. 30, 2017

EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted net income (loss) per share (in thousands, except per share data):



	Three Months Ended					Six Months Ended
	June 30,					June 30,
	2017		2016			2017		2016
Net income (loss)	$	1,264	$	(1,560	)	$	4,085	$	(10,202	)
Weighted average shares outstanding - basic	29,766		28,167			29,526		28,051
Dilutive effect of employee equity incentive plans	2,208		—			2,075		—
Diluted weighted average shares outstanding	31,974		28,167			31,601		28,051

Net income (loss) per share:
Basic	$	0.04	$	(0.06	)	$	0.14	$	(0.36	)
Diluted	$	0.04	$	(0.06	)	$	0.13	$	(0.36	)

The following weighted average shares were excluded from the calculation of diluted net income (loss) per share as their effect would have been anti-dilutive (in thousands, except per share data):



	Three Months Ended		Six Months Ended
	June 30,		June 30,
	2017	2016	2017	2016
Employee equity incentive plans	271	4,587	7	4,486

Potentially dilutive common shares from employee equity incentive plans are determined by applying the treasury stock method to the assumed exercise of outstanding stock options, the assumed vesting of outstanding restricted stock units, and the assumed issuance of common stock under the employee stock purchase plan.