Net Income (Loss) per Share

6 Months Ended

Jun. 30, 2016

Earnings Per Share [Abstract]

Net Income (Loss) per Share

Net Income (Loss) per Share

Basic net income (loss) per share is computed by dividing the net income (loss) by the weighted-average number of shares of common stock outstanding, less RSAs subject to forfeiture. Diluted net income (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding plus all additional common stock shares that would have been outstanding, assuming dilutive potential common stock shares had been issued for other dilutive securities. For periods of net loss, diluted and basic net loss per share were identical since potential common stock shares were excluded from the calculation, as their effect was anti-dilutive.

The following table sets forth the computation of basic and diluted net income (loss) per share during three and six months ended June 30, 2016 and 2015 (in thousands, except per share amounts):

	Three Months Ended June 30,					Six Months Ended June 30,
	2016		2015			2016			2015
Numerator:
Net income (loss)	$	2,239	$	(5,360	)	$	(4,735	)	$	(10,922	)
Denominator:
Weighted average common stock shares used in computing net income (loss) per share, basic	40,495		39,301			40,283			39,066
Effect of dilutive shares	1,073		—			—			—
Weighted average common stock shares used in computing net income (loss) per share, diluted	41,568		39,301			40,283			39,066
Net income (loss) per share, basic	$	0.06	$	(0.14	)	$	(0.12	)	$	(0.28	)
Net income (loss) per share, diluted	$	0.05	$	(0.14	)	$	(0.12	)	$	(0.28	)

Anti-Dilutive Securities

The following shares were not considered in the computation of diluted net income (loss) per share because their effect was anti-dilutive (in thousands):

	Three Months Ended June 30,		Six Months Ended June 30,
	2016	2015	2016	2015
Shares of common stock issuable pursuant to equity awards outstanding under the Equity Incentive Plan	2,574	6,595	5,645	6,595
Shares of common stock issuable upon exercise of outstanding warrants	73	75	73	75
Total shares excluded as anti-dilutive	2,647	6,670	5,718	6,670