Quarterly report pursuant to Section 13 or 15(d)

Net Income (Loss) Per Share

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Net Income (Loss) Per Share
 3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Net Loss Per Share
Net Income (Loss) Per Share
Net income (loss) per share is computed as required by the accounting standard for earnings per share, or EPS. Basic EPS is calculated by dividing net income (loss) 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 (loss) 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.
The Company has two classes of stock outstanding, Class A common stock and Class B common stock. The economic rights of the Class A common stock and Class B common stock, including rights in connection with dividends and payments upon a liquidation or merger are identical, and the Class A common stock and Class B common stock will be treated equally, identically and ratably, unless differential treatment is approved by the Class A common stock and Class B common stock, each voting separately as a class. The Company computes basic earnings per share by dividing net income (loss) by the weighted average number of shares of Class A and Class B common stock outstanding during the period. For diluted earnings per share, the Company divides net income (loss) by the sum of the weighted average number of shares of Class A and Class B common stock outstanding and the potential number of shares of dilutive Class A and Class B common stock outstanding during the period.
 
Three Months Ended March 31,
 
2016
 
2015
Numerator:
 
 
 
Net income (loss)
$
19,116

 
$
(4,722
)
Denominator:
 
 
 
Weighted average common shares outstanding—basic
62,585

 
38,015

Dilutive common stock equivalents
3,233

 
—

Weighted average common shares outstanding—diluted
65,818

 
38,015

Net income (loss) per share:
 
 
 
Basic
$
0.31

 
$
(0.12
)
Diluted
$
0.29

 
$
(0.12
)

The Company excluded 0.2 million and 3.3 million common stock equivalents for the three months ended March 31, 2016 and 2015, respectively, resulting from outstanding equity awards for the calculation of diluted net income (loss) per share due to their anti-dilutive nature.