Net Income (Loss) Per Share
 9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share

 

14. Net Income (Loss) Per Share

The following table sets forth the computation of basic and diluted net income (loss) per share of common stock (in thousands, except per share data):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended September 30, 

 

Nine months ended September 30, 

 

 

2016

    

2015

    

2016

    

2015

Net (loss) income

 

$
(8,349)

 

$
(13,805)

 

$
4,209

 

$
(34,962)

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding—basic

 

 
20,236

 

 
20,021

 

 
20,279

 

 
19,879

Dilutive effect of common stock equivalents

 

 

 —

 

 

 —

 

 
232

 

 

 —

Weighted average common shares outstanding—diluted

 

 
20,236

 

 
20,021

 

 
20,511

 

 
19,879

 

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income per share

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$
(0.41)

 

$
(0.69)

 

$
0.21

 

$
(1.76)

Diluted

 

$
(0.41)

 

$
(0.69)

 

$
0.21

 

$
(1.76)

For the three months ended September 30, 2016 and 2015, we excluded 3.6 million and 4.1 million shares, respectively, and for the nine months ended September 30, 2016 and 2015, we excluded 3.4 million and 4.2 million shares, respectively, from the calculation of diluted weighted average common shares outstanding, as their inclusion would have been antidilutive.