Quarterly report pursuant to Section 13 or 15(d)

Net Income (Loss) Per Share (Tables)

v3.5.0.2
Net Income (Loss) Per Share (Tables)
 6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Summary of Basic and Diluted Earnings Per Share
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 June 30,
 
Six Months Ended June 30,
 
2016
 
2015
 
2016
 
2015
 
(in thousands, except per share amounts)
Numerator:
 
 
 
 
 
 
 
Net income (loss)
$
22,584

 
$
(30,647
)
 
$
43,265

 
$
(35,369
)
Denominator:
 
 
 
 
 
 
 
Weighted average common shares outstanding—basic
63,470

 
52,586

 
63,056

 
45,367

Dilutive common stock equivalents
4,050

 
—

 
4,054

 
—

Weighted average common shares outstanding—diluted
67,520

 
52,586

 
67,110

 
45,367

Net income (loss) per share:
 
 
 
 
 
 
 
Basic
$
0.36

 
$
(0.58
)
 
$
0.69

 
$
(0.78
)
Diluted
$
0.33

 
$
(0.58
)
 
$
0.64

 
$
(0.78
)