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Net Income Per Share (Tables)
9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Computation of basic and diluted income per share

The following table sets forth the computation of basic and diluted income per share attributable to the Company:

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

(in thousands, except per share data)

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to NuVasive, Inc.

 

$

3,926

 

 

$

12,960

 

 

$

30,771

 

 

$

54,788

 

Denominator for basic and diluted net income per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding for basic

 

 

50,264

 

 

 

48,993

 

 

 

49,970

 

 

 

48,513

 

Dilutive potential common stock outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options and employee stock purchase plan

 

 

223

 

 

 

895

 

 

 

347

 

 

 

1,224

 

Restricted stock units

 

 

1,483

 

 

 

1,129

 

 

 

1,221

 

 

 

1,127

 

Warrants

 

 

2,141

 

 

 

417

 

 

 

986

 

 

 

139

 

Senior Convertible Notes

 

 

1,671

 

 

 

1,765

 

 

 

974

 

 

 

1,199

 

Weighted average common shares outstanding for diluted

 

 

55,782

 

 

 

53,199

 

 

 

53,498

 

 

 

52,202

 

Basic net income per share attributable to NuVasive, Inc.

 

$

0.08

 

 

$

0.26

 

 

$

0.62

 

 

$

1.13

 

Diluted net income per share attributable to NuVasive, Inc.

 

$

0.07

 

 

$

0.24

 

 

$

0.58

 

 

$

1.05

 

 

Anti-dilutive common stock equivalents not included in calculation of net income per diluted share

The following weighted-average outstanding common stock equivalents were not included in the calculation of net income per diluted share because their effects were anti-dilutive:

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

(in thousands)

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Stock options, employee stock purchase plan, and restricted stock units

 

 

6

 

 

 

13

 

 

 

1,213

 

 

 

53

 

Warrants

 

 

10,865

 

 

 

 

 

 

14,050

 

 

 

6,369

 

Senior Convertible Notes

 

 

 

 

 

 

 

 

10,067

 

 

 

 

Total

 

 

10,871

 

 

 

13

 

 

 

25,330

 

 

 

6,422