XOMA Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Financial Statements Detail (Tables)

Condensed Consolidated Financial Statements Detail (Tables)

9 Months Ended

Sep. 30, 2018

Condensed Consolidated Financial Statements Detail [Abstract]

Accrued and other liabilities consisted of the following (in thousands):

	September 30,		December 31,
	2018		2017
Accrued legal and accounting fees	$	244	$	431
Accrued restructuring		1,205		130
Accrued incentive compensation		280		229
Deferred rent		—		765
Liability related to sublease		83		800
Accrued payroll and other benefits		146		141
Other		201		197
Total	$	2,159	$	2,693

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

	Three Months Ended September 30,						Nine Months Ended September 30,
	2018			2017			2018			2017
Numerator
Net (loss) income	$	(4,578	)	$	26,344		$	(10,331	)	$	15,915
Less: Deemed dividend on convertible preferred stock		—			—			—			(5,603	)
Less: Allocation of undistributed earnings to participating securities		—			(10,306	)		—			(3,703	)
Net (loss) income available to common stockholders, basic	$	(4,578	)	$	16,038		$	(10,331	)	$	6,609
Adjustments to undistributed earnings allocated to participating securities		—			380			—			60
Net (loss) income available to common stockholders, diluted	$	(4,578	)	$	16,418		$	(10,331	)	$	6,669
Denominator
Weighted average shares used in computing basic net (loss) income per share available to common stockholders		8,386			7,786			8,354			7,424
Effect of dilutive stock options		—			489			—			193
Weighted average shares used in computing diluted net (loss) income per share available to common stockholders		8,386			8,275			8,354			7,617

Outstanding Securities Considered Anti-Dilutive

Potentially dilutive securities are excluded from the calculation of diluted net (loss) income per share available to common stockholders if their inclusion is 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):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2018		2017		2018		2017
Convertible preferred stock		5,003		—		5,003		4,160
Common stock options and RSUs		1,644		313		1,638		753
Warrants for common stock		24		19		21		139
Total		6,671		332		6,662		5,052