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)
 9 Months Ended
Sep. 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 September 30,
 
Nine Months Ended September 30,
 
2016
 
2015
 
2016
 
2015
 
(in thousands, except per share amounts)
Numerator:
 
 
 
 
 
 
 
Net income (loss)
$
9,679

 
$
1,582

 
$
52,944

 
$
(33,787
)
Denominator:
 
 
 
 
 
 
 
Weighted average common shares outstanding—basic
64,241

 
60,644

 
63,454

 
50,528

Dilutive common stock equivalents
3,591

 
2,565

 
3,900

 
—

Weighted average common shares outstanding—diluted
67,832

 
63,209

 
67,354

 
50,528

Net income (loss) per share:
 
 
 
 
 
 
 
Basic
$
0.15

 
$
0.03

 
$
0.83

 
$
(0.67
)
Diluted
$
0.14

 
$
0.03

 
$
0.79

 
$
(0.67
)