Computation of Net Earnings (Loss) per Share

6 Months Ended

Jun. 30, 2015

Computation of Net Earnings (Loss) per Share

Computation of Net Earnings (Loss) per Share

Note 4.Computation of Net Earnings (Loss) per Share

Basic earnings (loss) per share is computed by dividing income (loss) available to common stockholders (the numerator) by the weighted-average number of common shares outstanding (the denominator) for the period. The computation of diluted earnings (loss) per share is similar to basic earnings per share, except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potentially dilutive common shares issuable on stock options, restricted stock units and employee stock purchase plan accounts had been issued, calculated using the treasury stock method.

The components of net earnings (loss) per share are as follows:

	Three months ended June 30,					Six months ended June 30,
	2015		2014			2015		2014
	(in thousands, except per share data)
Net income (loss) available to common stockholders	$	5,883	$	(6,900	)	$	7,751	$	(6,726	)
Weighted average common shares outstanding used in computing basic earnings (loss) per share	113,784		111,212			113,470		110,932
Incremental options and RSUs	6,828		—			6,430		—
Weighted average common shares outstanding used in computing diluted net earnings (loss) per share	120,612		111,212			119,900		110,932
Net earnings (loss) per share
Basic	$	0.05	$	(0.06	)	$	0.07	$	(0.06	)
Diluted	$	0.05	$	(0.06	)	$	0.06	$	(0.06	)

The Company incurred net losses for the three and six-month periods ended June 30, 2014, and has excluded the incremental shares attributable to outstanding stock options, and restricted stock units and employee stock purchase plan accounts from the calculation of net loss per share because the effect would have been anti-dilutive. The following table sets forth the number of incremental shares excluded from the calculation above:

	Three months ended June 30,		Six months ended June 30,
	2015	2014	2015	2014
	(in thousands)
Incremental shares excluded from the calculation of net loss per share	—	4,047	—	4,625