Net Loss Per Share

12 Months Ended

Feb. 29, 2016

Basic and diluted net income (loss) per share attributable to common stockholders was presented in conformity with the two-class method required for participating securities. Prior to the date of our IPO, we considered our Series A and Series B redeemable convertible preferred stock as participating securities. In the event a dividend was declared or paid on our common stock, holders of Series A and Series B redeemable convertible preferred stock were entitled to a proportionate share of such dividend in proportion to the holders of common stock on an as-if converted basis. Immediately after the completion of our IPO in November 2013, all outstanding shares of redeemable convertible preferred stock were converted into common stock.

Through the date of our IPO, we utilized the two-class method to compute net income (loss) per share. Under the two-class method, basic net income (loss) per share attributable to common stockholders was computed by dividing the net income (loss) attributable to common stockholders by the weighted-average number of common shares outstanding during the period. Net income (loss) attributable to common stockholders was determined by allocating undistributed earnings between common and redeemable convertible preferred stockholders. Diluted net income (loss) per share attributable to common stockholders was computed by using the weighted-average number of shares of common stock outstanding, including potential dilutive common shares assuming the dilutive effect of outstanding stock options and RSUs using the treasury stock method. For periods in which there was a net loss, the number of shares used in the computation of diluted net loss per share was the same as that used for the computation of basic net loss per share, as the inclusion of dilutive common shares would be anti-dilutive. Under the two-class method, the net income (loss) attributable to common stockholders was not allocated to the convertible redeemable preferred stock as the convertible redeemable preferred stock did not have a contractual obligation to share in our losses.

The following table presents the calculation of basic and diluted net loss per share attributable to common stockholders under the two-class method (in thousands, except per share amounts):



	Year Ended February 28/29,
	2016			2015			2014
Net loss attributable to Barracuda Networks, Inc.	$	(4,422	)	$	(67,498	)	$	(3,626	)
Shares used to compute net loss per share attributable to Barracuda Networks, Inc. common stockholders:
Weighted-average shares used to compute net loss per share, basic	53,070			51,898			35,355
Dilutive shares from stock options and RSUs	—			—			—
Weighted-average shares used to compute net loss per share, diluted	53,070			51,898			35,355
Net loss per share attributable to Barracuda Networks, Inc. common stockholders:
Net loss per share, basic	$	(0.08	)	$	(1.30	)	$	(0.10	)
Net loss per share, diluted	$	(0.08	)	$	(1.30	)	$	(0.10	)