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Net Income (Loss) Per Share Attributable to Common Stockholders (Tables)
9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Reconciliation of the Numerator and Denominator used in Computing Basic and Diluted Net Income (Loss) Per Share Attributable to Common Stockholders

For the periods presented, the following table provides a reconciliation of the numerator and denominator used in computing basic and diluted net income (loss) per share attributable to common stockholders (in thousands, except per share amounts):

 

 

 

Three Months Ended

 

 

For the Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

808

 

 

$

13

 

 

$

(1,776

)

 

$

82

 

Less: Accretion of preferred stock

 

 

(608

)

 

 

(2,826

)

 

 

(6,258

)

 

 

(8,476

)

Net income (loss) attributable to common stockholders —

   basic and diluted

 

$

200

 

 

$

(2,813

)

 

$

(8,034

)

 

$

(8,394

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 

 

15,460

 

 

 

4,065

 

 

 

8,117

 

 

 

3,997

 

Weighted-average unvested shares of common stock subject

   to repurchase

 

 

(142

)

 

 

(161

)

 

 

(126

)

 

 

(184

)

Weighted-average shares used to compute net income (loss)

   per share attributable to common stockholders — basic

 

 

15,318

 

 

 

3,904

 

 

 

7,991

 

 

 

3,813

 

Effects of potentially dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average unvested shares of common stock

    subject to repurchase

 

 

141

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

1,400

 

 

 

 

 

 

 

 

 

 

Weighted-average shares used to compute net income (loss)

   per share attributable to common stockholders — diluted

 

 

16,859

 

 

 

3,904

 

 

 

7,991

 

 

 

3,813

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) per share attributable to common

    stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.01

 

 

$

(0.72

)

 

$

(1.01

)

 

$

(2.20

)

Diluted

 

$

0.01

 

 

$

(0.72

)

 

$

(1.01

)

 

$

(2.20

)

 

Computation of Diluted Net Income (Loss) Per Share Attributable to Common Stockholders Effect in Antidilutive

For the periods presented, the following outstanding options, warrants and shares of preferred stock were excluded from the computation of diluted net income (loss) per share attributable to common stockholders for the periods presented because their effect would have been antidilutive (in thousands):

 

 

 

Three Months Ended

 

 

For the Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Redeemable convertible preferred stock

 

 

 

 

 

7,885

 

 

 

 

 

 

7,885

 

Common stock warrants

 

 

 

 

 

25

 

 

 

 

 

 

25

 

Redeemable convertible preferred stock warrants

 

 

 

 

 

264

 

 

 

 

 

 

264

 

Unvested shares of common stock subject to repurchase

 

 

 

 

 

154

 

 

 

141

 

 

 

154

 

Stock options

 

 

35

 

 

 

2,158

 

 

 

2,272

 

 

 

2,158