|
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 |
|
Nine Months Ended |
|
|
|
|
September 30, |
|
September 30, |
|
|
|
|
2011 |
|
2010 |
|
2011 |
|
2010 |
|
|
|
|
(in thousands, except per share amounts) |
|
|
Numerator: |
|
|
|
|
|
|
|
|
|
|
Net income attributable to common stockholders, basic |
|
$ |
1,662 |
|
$ |
916 |
|
$ |
2,725 |
|
$ |
1,502 |
|
|
Accretion of convertible preferred stock |
|
— |
|
1,194 |
|
— |
|
3,826 |
|
|
Change in fair value of Series B preferred stock warrant liability |
|
— |
|
— |
|
132 |
|
— |
|
|
Net income attributable to Boingo Wireless, Inc., diluted |
|
$ |
1,662 |
|
$ |
2,110 |
|
$ |
2,857 |
|
$ |
5,328 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Denominator: |
|
|
|
|
|
|
|
|
|
|
Weighted average common shares, basic |
|
33,139 |
|
5,835 |
|
20,865 |
|
5,834 |
|
|
Effect of dilutive convertible preferred stock |
|
— |
|
22,846 |
|
— |
|
22,846 |
|
|
Effect of dilutive stock options |
|
3,539 |
|
2,712 |
|
3,567 |
|
2,441 |
|
|
Effect of dilutive common stock warrants |
|
— |
|
13 |
|
21 |
|
12 |
|
|
Effect of dilutive preferred stock warrants |
|
— |
|
2 |
|
17 |
|
— |
|
|
Weighted average common shares, dilutive |
|
36,678 |
|
31,408 |
|
24,470 |
|
31,133 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income per share attributable to common stockholders: |
|
|
|
|
|
|
|
|
|
|
Basic |
|
$ |
0.05 |
|
$ |
0.16 |
|
$ |
0.13 |
|
$ |
0.26 |
|
|
Diluted |
|
$ |
0.05 |
|
$ |
0.07 |
|
$ |
0.12 |
|
$ |
0.17 |
|
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 |
|
Nine Months Ended |
|
|
|
|
September 30, |
|
September 30, |
|
|
|
|
2011 |
|
2010 |
|
2011 |
|
2010 |
|
|
|
|
(in thousands) |
|
|
Convertible preferred stocks through the IPO date |
|
— |
|
— |
|
10,293 |
|
— |
|
|
Out of the money stock options |
|
2,174 |
|
— |
|
2,174 |
|
— |
|
|
Total |
|
2,174 |
|
— |
|
12,467 |
|
— |
| |