|
11. Net income per share attributable to common stockholders:
The following table sets forth the computation of basic and diluted net income per share attributable to common stockholders:
|
|
|
Three Months Ended |
|
Six Months Ended |
|
|
|
|
June 30, |
|
June 30, |
|
|
|
|
2011 |
|
2010 |
|
2011 |
|
2010 |
|
|
|
|
(in thousands, except per share amounts) |
|
|
Numerator: |
|
|
|
|
|
|
|
|
|
|
Net income attributable to Boingo Wireless, Inc. |
|
$ |
1,830 |
|
$ |
2,030 |
|
$ |
2,696 |
|
$ |
3,218 |
|
|
Accretion of convertible preferred stock |
|
(438 |
) |
(1,315 |
) |
(1,633 |
) |
(2,631 |
) |
|
Net income attributable to common stockholders, basic |
|
$ |
1,392 |
|
$ |
715 |
|
$ |
1,063 |
|
$ |
587 |
|
|
Net income attributable to Boingo Wireless, Inc., diluted |
|
$ |
1,830 |
|
$ |
2,030 |
|
$ |
1,063 |
|
$ |
587 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Denominator: |
|
|
|
|
|
|
|
|
|
|
Weighted average common shares, basic |
|
23,258 |
|
5,834 |
|
14,927 |
|
5,837 |
|
|
Effect of dilutive convertible preferred stock |
|
8,284 |
|
22,846 |
|
— |
|
— |
|
|
Effect of dilutive stock options |
|
3,989 |
|
2,225 |
|
3,953 |
|
2,226 |
|
|
Effect of dilutive common stock warrants |
|
22 |
|
11 |
|
22 |
|
11 |
|
|
Effect of dilutive preferred stock warrants |
|
17 |
|
— |
|
17 |
|
— |
|
|
Weighted average common shares, dilutive |
|
35,570 |
|
30,916 |
|
18,919 |
|
8,074 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income per share attributable to common stockholders: |
|
|
|
|
|
|
|
|
|
|
Basic |
|
$ |
0.06 |
|
$ |
0.12 |
|
$ |
0.07 |
|
$ |
0.10 |
|
|
Diluted |
|
$ |
0.05 |
|
$ |
0.07 |
|
$ |
0.06 |
|
$ |
0.07 |
|
The following outstanding securities were not included in the computation of diluted net income per share as the inclusion would have been anti-dilutive:
|
|
|
Three Months Ended |
|
Six Months Ended |
|
|
|
|
June 30, |
|
June 30, |
|
|
|
|
2011 |
|
2010 |
|
2011 |
|
2010 |
|
|
|
|
(in thousands) |
|
|
Convertible preferred stocks |
|
— |
|
— |
|
22,846 |
|
22,846 |
|
|
Options to purchase common stock |
|
2,164 |
|
— |
|
2,164 |
|
— |
|
|
Total |
|
2,164 |
|
— |
|
25,010 |
|
22,846 |
| |