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Net Income (Loss) Per Share (Restated) (Tables)
12 Months Ended
Dec. 31, 2013
Basic and Diluted Net Income (Loss) per Share Attributable to Common Stockholders

The following table sets forth the computation of basic and diluted net income available (loss attributable) per share attributable to common stockholders for the years ended December 31:  

 

 

2013

(Restated)

 

 

2012

 

 

2011

 

Net income (loss)

 

$

54,455

 

 

$

23,503

 

 

$

(4,257

)

Less:

 

 

 

 

 

 

 

 

 

 

 

 

Accretion of convertible redeemable preferred

 

 

 

 

 

 

 

 

 

 

 

 

stock redemption premium

 

 

-

 

 

 

(9,378

)

 

 

(18,926

)

Beneficial conversion feature on convertible

 

 

 

 

 

 

 

 

 

 

 

 

redeemable preferred stock

 

 

-

 

 

 

(2,452

)

 

 

-

 

Net income allocable to convertible redeemable

 

 

 

 

 

 

 

 

 

 

 

 

preferred stockholders

 

 

-

 

 

 

(5,504

)

 

 

-

 

Net income available (loss attributable) to common

 

 

 

 

 

 

 

 

 

 

 

 

stockholders

 

 

54,455

 

 

 

6,169

 

 

 

(23,183

)

Less:

 

 

 

 

 

 

 

 

 

 

 

 

Change in fair value of warrant liabilities

 

 

-

 

 

 

(4,382

)

 

 

-

 

Accretion of convertible redeemable preferred

 

 

 

 

 

 

 

 

 

 

 

 

stock redemption premium for shares assumed

 

 

 

 

 

 

 

 

 

 

 

 

issued in exercise of warrants

 

 

-

 

 

 

(898

)

 

 

-

 

Plus:

 

 

 

 

 

 

 

 

 

 

 

 

Net income allocable to convertible redeemable

 

 

 

 

 

 

 

 

 

 

 

 

preferred stockholders

 

 

-

 

 

 

4,444

 

 

 

-

 

Diluted net income available (loss attributable)

 

 

 

 

 

 

 

 

 

 

 

 

to common stockholders

 

$

54,455

 

 

$

5,333

 

 

$

(23,183

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator (basic):

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

88,635,832

 

 

 

35,081,863

 

 

 

18,725,305

 

Denominator (diluted):

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

88,635,832

 

 

 

35,081,863

 

 

 

18,725,305

 

Dilutive stock options and awards outstanding

 

 

5,092,490

 

 

 

4,088,101

 

 

 

-

 

Weighted average common shares from

 

 

 

 

 

 

 

 

 

 

 

 

preferred stock

 

 

-

 

 

 

22,528,878

 

 

 

-

 

Weighted average common shares from warrants

 

 

2,318,422

 

 

 

491,860

 

 

 

-

 

Net weighted average common shares outstanding

 

 

96,046,744

 

 

 

62,190,702

 

 

 

18,725,305

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income available (loss attributable) per share to

 

 

 

 

 

 

 

 

 

 

 

 

common stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.61

 

 

$

0.18

 

 

$

(1.24

)

Diluted

 

$

0.57

 

 

$

0.09

 

 

$

(1.24

)

 

Stock Options, Warrants to Purchase Common and Preferred Stock and Convertible Redeemable Preferred Stock Excluded from Computation of Diluted Net Income (Loss) Per Share

The following weighted-average number of outstanding employee stock options, restricted stock units, warrants to purchase common and convertible redeemable preferred stock, and convertible redeemable preferred stock were excluded from the computation of diluted net loss per share for the years ended December 31:  

 

 

2013

(Restated)

 

 

2012

 

 

2011

 

Stock options outstanding

 

 

4,183,000

 

 

 

-

 

 

 

2,551,074

 

Restricted stock units

 

 

45,673

 

 

 

-

 

 

 

-

 

Common equivalent shares from stock warrants

 

 

-

 

 

 

3,585,996

 

 

 

2,727,702

 

Common shares from convertible redeemable

 

 

 

 

 

 

 

 

 

 

 

 

preferred stock

 

 

-

 

 

 

8,770,427

 

 

 

29,239,607

 

 

 

 

4,228,673

 

 

 

12,356,423

 

 

 

34,518,383