Annual report pursuant to Section 13 and 15(d)

Net Loss Per Share (Tables)

v3.6.0.2
Net Loss Per Share (Tables)
 12 Months Ended
Dec. 31, 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.
 
Years Ended December 31,
 
2016
 
2015
 
2014
 
(in thousands, except per share amounts)
Numerator:
 
 
 
 
 
Net income (loss)
$
61,292

 
$
(42,331
)
 
$
(7,041
)
Denominator:
 
 
 
 
 
Weighted average common shares outstanding—basic
63,781

 
53,378

 
36,472

Dilutive common stock equivalents
3,872

 
—

 
—

Weighted average common shares outstanding—diluted
67,653

 
53,378

 
36,472

Net income (loss) per share:
 
 
 
 
 
Basic
$
0.96

 
$
(0.79
)
 
$
(0.19
)
Diluted
$
0.91

 
$
(0.79
)
 
$
(0.19
)