Net income (loss) per share

9 Months Ended

Sep. 30, 2015

Note 2. Net income (loss) 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,
	2015		2014		2015		2014
Numerator:
Net income (loss)	$	1,378	$	(1,937)	$	3,269	$	(21,304)
Denominator:
Weighted average shares used to compute per share amount:
Basic		40,367		32,383		36,303		31,930
Dilutive effect of equity awards		1,850		-		1,234		-
Diluted		42,217		32,383		37,537		31,930

Basic net income (loss) per share	$	0.03	$	(0.06)	$	0.09	$	(0.67)
Diluted net income (loss) per share	$	0.03	$	(0.06)	$	0.09	$	(0.67)

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


	Three Months Ended		Nine Months Ended
	September 30,		September 30,
	2015	2014	2015	2014
Employee stock options	1,256	3,735	1,670	3,735
Restricted stock units	26	668	26	668
Employee stock purchase plan	—	258	—	258
Common stock warrants	—	4	—	4
	1,282	4,665	1,696	4,665