Quarterly report pursuant to Section 13 or 15(d)

Net Income (Loss) Per Share

v3.7.0.1
Net Income (Loss) Per Share
 3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Net Loss Per Share
Net Income Per Share
Net income per share is computed as required by the accounting standard for earnings per share, or EPS. Basic EPS is calculated by dividing net income by the weighted-average number of common shares outstanding for the period, without consideration for common stock equivalents. Diluted EPS is computed by dividing net income by the weighted-average number of common shares outstanding for the period and the weighted-average number of dilutive common stock equivalents outstanding for the period determined using the treasury-stock method. For purposes of this calculation, common stock options, restricted stock units and restricted stock awards are considered to be common stock equivalents and are only included in the calculation of diluted EPS when their effect is dilutive.
 
Three Months Ended March 31,
 
2017
 
2016
 
(in thousands, except per share amounts)
Numerator:
 
 
 
Net income
$
8,463

 
$
20,681

Denominator:
 
 
 
Weighted average common shares outstanding—basic
65,238

 
62,585

Dilutive common stock equivalents
3,911

 
4,058

Weighted average common shares outstanding—diluted
69,149

 
66,643

Net income per share:
 
 
 
Basic
$
0.13

 
$
0.33

Diluted
$
0.12

 
$
0.31


The Company excluded 0.4 million and 0.2 million common stock equivalents for the three months ended March 31, 2017 and 2016, respectively, resulting from outstanding equity awards for the calculation of diluted net income per share due to their anti-dilutive nature.