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Net Income (Loss) Per Share
12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
4. Net Income (Loss) Per Share
 
Basic net income (loss) per share is calculated by dividing the net income (loss) attributable to common stockholders by the weighted-average number of common shares outstanding during the period, without consideration for common stock equivalents. Diluted net income (loss) per share is computed by dividing the net income (loss) attributable to common stockholders by the weighted-average number of common share equivalents outstanding for the period determined using the treasury-stock method and the if-converted method. For purposes of this calculation, stock options, warrants, PRSUs, RSUs and shares to be purchased under the Company’s 2010 Employee Stock Purchase Plan (“ESPP”) are considered to be common stock equivalents and are only included in the calculation of diluted net income (loss) per share when their effect is dilutive.
 
As of December 31, 2012, 2013 and 2014 the following number of potential common stock equivalents were outstanding:
 
Common stock equivalents
 
 
 
 
Year Ended December 31,
  
 
2012
 
2013
 
2014
Outstanding common stock options
 
 
3,879,239
 
 
 
5,246,465
 
 
 
5,096,674
 
Outstanding warrants
 
 
133,968
 
 
 
34,647
 
 
 
34,647
 
Outstanding PRSUs
 
 
273,988
 
 
 
270,649
 
 
 
245,396
 
Outstanding RSUs
 
 
—
 
 
 
—
 
 
 
161,439
 
Shares to be purchased under the ESPP
 
 
—
 
 
 
—
 
 
 
2,894
 
Total
 
 
4,287,195
 
 
 
5,551,761
 
 
 
5,541,050
 
 
These common stock equivalents were excluded from the determination of diluted net loss per share for the years ended December 31, 2012 and December 31, 2013, due to their anti-dilutive effect on earnings.
 
The following weighted-average outstanding common stock options, warrants, RSUs and shares to be purchased under the ESPP were added to basic weighted-average common shares outstanding for the year ended December 31, 2014 to calculate diluted weighted-average shares outstanding because of their dilutive effect:
 
 
 
Year Ended
December 31,
2014
Outstanding common stock options
 
 
1,494,796
 
Outstanding warrants
 
 
5,433
 
Outstanding RSUs
 
 
14,128
 
Shares to be purchased under the ESPP
 
 
1,392
 
Total
 
 
1,515,749