Net income per share (Tables)

9 Months Ended

Sep. 30, 2016

Net income per share

Computation of Basic and Diluted Net Income per Share

The following table sets forth the computation of the basic and diluted net income (loss) per share for the periods indicated (in thousands, except per share amounts):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2016		2015		2016		2015
Numerator:
Net income (loss)	$	(7,187)	$	1,378	$	(2,201)	$	3,269
Denominator:
Weighted average shares used to compute per share amount:
Basic		42,038		40,367		41,589		36,303
Dilutive effect of equity awards		-		1,850		-		1,234
Diluted		42,038		42,217		41,589		37,537
Basic net income (loss) per share	$	(0.17)	$	0.03	$	(0.05)	$	0.09
Diluted net income (loss) per share	$	(0.17)	$	0.03	$	(0.05)	$	0.09

Potentially Dilutive Securities Excluded from Computation of Diluted Net Income per Share Attributable to Common Stockholders

The Company has excluded the impact of the following employee stock options, restricted stock units and shares expected to be issued under its employee stock purchase plan from the computation of diluted net income (loss) per share, as their effect would have been antidilutive (in thousands):

	Three Months Ended		Nine Months Ended
	September 30,		September 30,
	2016	2015	2016	2015
Employee stock options	4,344	1,256	4,344	1,670
Restricted stock units	2,044	26	2,044	26
Employee stock purchase plan	151	—	151	—
	6,539	1,282	6,539	1,696