Annual report pursuant to Section 13 and 15(d)

Net Income (Loss) per Share Available to Common Stockholders (Tables)

v3.8.0.1
Net Income (Loss) per Share Available to Common Stockholders (Tables)
 12 Months Ended
Dec. 31, 2017
Earnings Per Share [Abstract]  
Outstanding Securities Considered Anti-Dilutive

The following table shows the weighted-average outstanding securities considered anti-dilutive and therefore excluded from the computation of diluted net income (loss) per share available to common stockholders (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2017

 

 

2016

 

 

2015

 

Common stock options and RSUs

 

 

346

 

 

 

548

 

 

 

550

 

Warrants for common stock

 

 

100

 

 

 

894

 

 

 

960

 

Convertible preferred stock

 

 

4,372

 

 

 

—

 

 

 

—

 

Total

 

 

4,818

 

 

 

1,442

 

 

 

1,510

 

 
Reconciliation of the Numerator and Denominator Used in Calculation of Basic and Diluted Net Income (Loss) per Share Available to Common Stockholders

The following is a reconciliation of the numerators and denominators used in calculating basic and diluted net income (loss) per share available to common stockholders (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2017

 

 

2016

 

 

2015

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

14,596

 

 

$

(53,530

)

 

$

(20,606

)

Less: Deemed dividend on convertible preferred stock

 

 

(5,603

)

 

 

—

 

 

 

—

 

Less: Allocation of undistributed earnings to participating securities

 

 

(3,279

)

 

 

—

 

 

 

—

 

Net income (loss) available to common stockholders, basic

 

 

5,714

 

 

 

(53,530

)

 

 

(20,606

)

Adjustments to undistributed earnings allocated to participating securities

 

 

96

 

 

 

—

 

 

 

—

 

Net income (loss) available to common stockholders, diluted

 

$

5,810

 

 

$

(53,530

)

 

$

(20,606

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding used for basic net income (loss) per share available to common stockholders

 

 

7,619

 

 

 

6,021

 

 

 

5,890

 

Effect of dilutive stock options

 

 

360

 

 

 

—

 

 

 

—

 

Effect of dilutive warrants

 

 

1

 

 

 

—

 

 

 

—

 

Weighted average shares outstanding used for diluted net income (loss) per share available to common stockholders

 

 

7,980

 

 

 

6,021

 

 

 

5,890

 

Basic net income (loss) per share of common stock

 

$

0.75

 

 

$

(8.89

)

 

$

(3.50

)

Diluted net income (loss) per share of common stock

 

$

0.73

 

 

$

(8.89

)

 

$

(3.50

)