Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2015

Earnings Per Share [Abstract]

Earnings Per Share

The following table presents the calculation of earnings (loss) per share (in thousands, except per share data):

		Three months ended  September 30,				Nine months ended September 30,
		2015		2014		2015		2014
	(unaudited)
Basic earnings (loss) per share:
Numerator:
Net income (loss)		$	(16,013)	$	398	$	(19,612)	$	2,148
Denominator:
Weighted-average common shares			39,448		38,347		39,147		38,085
Basic earnings (loss) per share		$	(0.41)	$	0.01	$	(0.50)	$	0.06
Diluted earnings per share:
Numerator:
Net income (loss)		$	(16,013)	$	398	$	(19,612)	$	2,148
Denominator:
Weighted-average common shares			39,448		38,347		39,147		38,085
Weighted-average dilutive stock options and RSUs			—		3,330		—		3,531
Contingent stock due to BlueKite Acquisition			—		88		—		85
Weighted-average common shares and equivalents			39,448		41,765		39,147		41,701
Diluted earnings (loss) per share		$	(0.41)	$	0.01	$	(0.50)	$	0.05

Securities Excluded from Calculation of Diluted Net Earnings Per Share

The following securities have been excluded from the calculation of diluted earnings (loss) per share of common stock for the periods presented because their effect would have been anti-dilutive (in thousands):

	Three months ended  September 30,				Nine months ended September 30,
	2015		2014		2015		2014
	(unaudited)
Stock options outstanding		5,685		1,917		5,935		1,913
Unvested RSUs		850		97		785		56
Contingent stock due to BlueKite Acquisition		44		—		44		—
Total common stock equivalents	6,579		2,014		6,764		1,969