Quarterly report pursuant to Section 13 or 15(d)

Net Income (Loss) Per Share (Tables)

v3.4.0.3
Net Income (Loss) Per Share (Tables)
 3 Months Ended
Mar. 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.
 
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
)