Net Income (Loss) Per Share of Common Stock
 6 Months Ended
Apr. 30, 2016
Earnings Per Share [Abstract]  
Net Income per Share of Common Stock
 Net Income per Share of Common Stock

Basic net income per share of common stock is computed by dividing net income attributable to VeriFone Systems, Inc. stockholders by the weighted average number of shares of common stock outstanding for the period. Diluted net income per share of common stock is computed using the weighted average number of shares of common stock outstanding plus the effect of common stock equivalents, unless the common stock equivalents are anti-dilutive. The potential dilutive shares of our common stock resulting from assumed exercises of equity related instruments are determined using the treasury stock method. Under the treasury stock method, an increase in the fair market value of our common stock will result in a greater number of dilutive securities.

The following table presents the computation of net income per share of common stock (in thousands, except per share data):
 
Three Months Ended April 30,
 
Six Months Ended April 30,
 
2016
 
2015
 
2016
 
2015
Basic and diluted net income per share attributable to VeriFone Systems, Inc. stockholders:
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
Net income attributable to VeriFone Systems, Inc. stockholders
$
2,899

 
$
17,564

 
$
26,400

 
$
31,412

Denominator:
 
 
 
 
 
 
 
Weighted average shares attributable to VeriFone Systems, Inc. stockholders - basic
110,314

 
113,940

 
110,808

 
113,688

Weighted average effect of dilutive securities:
 
 
 
 
 
 
 
Stock options, RSUs and RSAs
1,000

 
1,960

 
1,081

 
2,039

Weighted average shares attributable to VeriFone Systems, Inc. stockholders - diluted
111,314

 
115,900

 
111,889

 
115,727

Net income per share attributable to VeriFone Systems, Inc. stockholders:
 
 
 
 
 
 
 
    Basic
$
0.03

 
$
0.15

 
$
0.24

 
$
0.28

    Diluted
$
0.03

 
$
0.15

 
$
0.24

 
$
0.27



For the three and six months ended April 30, 2016, equity incentive awards representing 2.6 million shares of common stock were excluded from the calculation of weighted average shares for diluted net income per share as they were anti-dilutive. For the three and six months ended April 30 2015, equity incentive awards representing 1.3 million shares of common stock were excluded from the calculation of weighted average shares for diluted net income per share as they were anti-dilutive. Anti-dilutive awards, which include stock options, RSUs and RSAs, could impact future calculations of diluted net income per share if the fair market value of our common stock increases.