| Net income per share attributable to common stockholders |
15. 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:
|
|
|
|
|
|
|
|
|
|
|
|
|
Years ended December 31, |
|
|
|
2012 |
|
2011 |
|
2010 |
|
|
|
(in thousands)
|
|
|
Numerator: |
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to common stockholders, basic |
|
$ |
7,295 |
|
$ |
4,662 |
|
$ |
10,554 |
|
|
Accretion of convertible preferred stock |
|
|
— |
|
|
— |
|
|
5,020 |
|
| |
|
|
|
|
|
|
|
|
Net income attributable to Boingo Wireless, Inc., diluted |
|
$ |
7,295 |
|
$ |
4,662 |
|
$ |
15,574 |
|
| |
|
|
|
|
|
|
|
|
Denominator: |
|
|
|
|
|
|
|
|
|
|
|
Weighted average common stock, basic |
|
|
34,774 |
|
|
24,014 |
|
|
5,834 |
|
|
Effect of dilutive convertible preferred stock |
|
|
— |
|
|
— |
|
|
22,846 |
|
|
Effect of dilutive stock options |
|
|
2,543 |
|
|
3,457 |
|
|
3,204 |
|
|
Effect of dilutive common stock warrants |
|
|
— |
|
|
10 |
|
|
15 |
|
| |
|
|
|
|
|
|
|
|
Weighted average common stock, diluted |
|
|
37,317 |
|
|
27,481 |
|
|
31,899 |
|
| |
|
|
|
|
|
|
|
|
Net income per share attributable to common stockholders: |
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
$ |
0.21 |
|
$ |
0.19 |
|
$ |
1.81 |
|
|
Diluted |
|
$ |
0.20 |
|
$ |
0.17 |
|
$ |
0.49 |
|
The following outstanding securities were not included in the computation of diluted net income per share as the inclusion would have been anti-dilutive:
|
|
|
|
|
|
|
|
|
|
|
|
|
Years ended
December 31, |
|
|
|
2012 |
|
2011 |
|
2010 |
|
|
|
(in thousands)
|
|
|
Convertible preferred stock |
|
|
— |
|
|
7,699 |
|
|
— |
|
|
Stock options |
|
|
2,518 |
|
|
2,172 |
|
|
— |
|
|
Preferred stock warrants |
|
|
— |
|
|
26 |
|
|
26 |
|
| |
|
|
|
|
|
|
|
|
Total |
|
|
2,518 |
|
|
9,897 |
|
|
26 |
|
| |
|
|
|
|
|
|
|
|