Annual report pursuant to Section 13 and 15(d)

Net (Loss) Income Per Share

v3.3.1.900
Net (Loss) Income Per Share
12 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
Net (Loss) Income Per Share
Net (Loss) Income per Share
Basic net (loss) income per share was computed by dividing the net (loss) income by the weighted average number of common shares outstanding during the period. Diluted net (loss) income 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 912,257, 1,273,889, and 1,058,334 shares were excluded from the dilutive shares outstanding because their effect was anti-dilutive for the years ended December 31, 2015, 2014, and 2013, respectively.
The following table presents the calculation of basic and diluted net (loss) income per share attributable to common stockholders:
 
 
Year Ended December 31,
 
 
2015
 
2014
 
2013
 
 
(in thousands, except per share amounts)
Numerator:
 
 
 
 
 
 
Net (loss) income
 
$
(9,218
)
 
$
(10,274
)
 
$
20,692

Denominator:
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
Weighted average common shares used in computing basic net (loss) income per share
 
76,689

 
76,991

 
74,962

Diluted:
 
 
 
 
 
 
Weighted average common shares used in computing basic net (loss) income per share
 
76,689

 
76,991

 
74,962

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

 

 
1,225

Weighted average common shares used in computing diluted net (loss) income per share
 
76,689

 
76,991

 
76,187

Net (loss) income per common share attributable to common stockholders:
 
 
 
 
 
 
Basic
 
$
(0.12
)
 
$
(0.13
)
 
$
0.28

Diluted
 
$
(0.12
)
 
$
(0.13
)
 
$
0.27