Net (Loss)/Income Per Share
 12 Months Ended
Dec. 31, 2016
Net (Loss)/Income Per Share  
Net (Loss)/Income Per Share

NOTE 2 — NET (LOSS)/INCOME PER SHARE

 

The Company computes basic net income/(loss) per share by dividing its net income/(loss) for the period by the weighted average number of common shares outstanding during the period less the weighted average common shares subject to restrictions imposed by the Company. Diluted net income/(loss) per share reflects the potential dilution that could occur from common shares issuable through stock-based compensation plans (including stock options, RSUs and common stock issuable through the Company’s ESPP), and warrants by application of the treasury stock method. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 

 

 

   

2016

   

2015

   

2014

 

Net (loss)/income

 

$
(87,440)

 

$
(7,185)

 

$
8,148

 

Basic and diluted shares used to compute net (loss)/income per share:

 

 

 

 

 

 

 

 

 

 

   Weighted average common shares outstanding

 

 
132,808

 

 
122,414

 

 
93,575

 

   Weighted average common shares subject to restrictions

 

 
(1,004)

 

 
(3,639)

 

 
(1,749)

 

   Weighted average shares used to compute basic net (loss)/income per share

 

 
131,804

 

 
118,775

 

 
91,826

 

Dilutive potential common shares

 

 

 —

 

 

 —

 

 
5,096

 

Weighted average shares used to compute diluted net (loss)/income per share

 

 
131,804

 

 
118,775

 

 
96,922

 

Basic net (loss)/income per share

 

 
(0.66)

 

 
(0.06)

 

 
0.09

 

Diluted net (loss)/income per share

 

 
(0.66)

 

 
(0.06)

 

 
0.08

 

 

The following weighted average options to purchase common stock, warrants to purchase common stock, shares of common stock subject to restrictions and RSUs have been excluded from the computation of diluted net income/(loss) per share of common stock for the periods presented because including them would have had an anti-dilutive effect:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 

 

 

    

2016

    

2015

    

2014

 

Warrants to purchase common stock

 

 
4,267

 

 
3,832

 

 
2,362

 

Unvested common shares subject to restrictions

 

 
1,004

 

 
3,639

 

 
1,596

 

Options to purchase common stock

 

 
8,490

 

 
6,804

 

 
6,347

 

RSUs

 

 
7,688

 

 
5,776

 

 
2,746

 

 

 

$
21,449

 

$
20,051

 

$
13,051