Annual report pursuant to Section 13 and 15(d)

Net Income (Loss) Per Share

v3.6.0.2
Net Income (Loss) Per Share
12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share
Net Income (Loss) per Share
Basic net income (loss) per share was computed by dividing the net income (loss) by the weighted average number of common shares outstanding during the period. Diluted net income (loss) per share was computed by using the weighted average number of common shares outstanding, including potential dilutive shares of common stock assuming the dilutive effect of outstanding stock options and restricted stock using the treasury stock method. Weighted average shares from common share equivalents in the amount of 220,473, 912,257, and 1,273,889 were excluded from the dilutive shares outstanding because their effect was anti-dilutive for the years ended December 31, 2016, 2015, and 2014, respectively.
The following table presents the calculation of basic and diluted net income (loss) per share attributable to common stockholders:
 
 
Year Ended December 31,
 
 
2016
 
2015
 
2014
 
 
(in thousands, except per share amounts)
Numerator:
 
 
 
 
 
 
Net income (loss)
 
$
16,650

 
$
(9,218
)
 
$
(10,274
)
Denominator:
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
Weighted average shares used in computing basic net income (loss) per share:
 
76,854

 
76,689

 
76,991

Diluted:
 
 
 
 
 
 
Weighted average shares used in computing basic net income (loss) per share:
 
76,854

 
76,689

 
76,991

Add weighted average effect of dilutive securities:
 
 
 
 
 
 
Stock options and restricted stock
 
989

 

 

Weighted average shares used in computing diluted net income (loss) per share:
 
77,843

 
76,689

 
76,991

Net income (loss) per share attributable to common stockholders:
 
 
 
 
 
 
Basic
 
$
0.22

 
$
(0.12
)
 
$
(0.13
)
Diluted
 
$
0.21

 
$
(0.12
)
 
$
(0.13
)