Annual report pursuant to Section 13 and 15(d)

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

v3.10.0.1
Net (Loss) Income Per Share Available to Common Stockholders (Tables)
 12 Months Ended
Dec. 31, 2018
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 (loss) income per share available to common stockholders (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2018

 

 

2017

 

Convertible preferred stock

 

 

5,048

 

 

 

4,372

 

Common stock options and RSUs

 

 

1,639

 

 

 

346

 

Warrants for common stock

 

 

21

 

 

 

100

 

Total

 

 

6,708

 

 

 

4,818

 

 
Reconciliation of 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 numerator (net income or loss) and denominator (number of shares) used in the calculation of basic and diluted net (loss) income per share available to common stockholders (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2018

 

 

2017

 

Numerator

 

 

 

 

 

 

 

 

Net (loss) income

 

$

(13,343

)

 

$

14,596

 

Less: Deemed dividend on convertible preferred stock

 

 

—

 

 

 

(5,603

)

Less: Allocation of undistributed earnings to participating

   securities

 

 

—

 

 

 

(3,279

)

Net (loss) income available to common stockholders, basic

 

$

(13,343

)

 

$

5,714

 

Adjustments to undistributed earnings allocated to participating

   securities

 

 

—

 

 

 

96

 

Net (loss) income available to common stockholders, diluted

 

$

(13,343

)

 

$

5,810

 

Denominator

 

 

 

 

 

 

 

 

Weighted average shares used in computing basic net (loss)

   income per share available to common stockholders

 

 

8,373

 

 

 

7,619

 

Effect of dilutive stock options

 

 

—

 

 

 

360

 

Effect of dilutive warrants

 

 

—

 

 

 

1

 

Weighted average shares used in computing diluted net (loss)

   income per share available to common stockholders

 

 

8,373

 

 

 

7,980

 

Basic net (loss) income per share of common stock

 

$

(1.59

)

 

$

0.75

 

Diluted net (loss) income per share of common stock

 

$

(1.59

)

 

$

0.73