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Net Income (Loss) Per Share (Tables)
6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted

The following presents a reconciliation of the numerator and denominator used in the calculation of basic net income (loss) per share and a reconciliation of the numerator and denominator used in the calculation of diluted net income (loss) per share (in thousands, except share and per share data):

 

     Three Months Ended
June 30,
     Six Months Ended
June 30,
 
     2018      2017      2018      2017  

Numerator:

           

Net income (loss), as reported

   $ 695      $ (496    $ (504    $ (1,571

Less: net income (loss) attributable to participating securities

     (29      —        —        —  
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income (loss) available to common shareholders—basic

   $ 666      $ (496    $ (504    $ (1,571
  

 

 

    

 

 

    

 

 

    

 

 

 

Denominator:

           

Basic:

           

Weighted-average shares of common stock outstanding

     42,188,672        41,877,473        42,252,027        41,674,671  

Less: weighted-average shares of unvested restricted common stock outstanding

     (1,770,364      (2,220,402      (1,815,432      (2,107,417
  

 

 

    

 

 

    

 

 

    

 

 

 

Weighted-average number of common shares used in computing basic net income (loss) per common share

     40,418,308        39,657,071        40,436,595        39,567,254  
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income (loss) per share applicable to common shareholders—basic

   $ 0.02      $ (0.01    $ (0.01    $ (0.04
  

 

 

    

 

 

    

 

 

    

 

 

 
     Three Months Ended
June 30,
     Six Months Ended
June 30,
 
     2018      2017      2018      2017  

Numerator:

           

Net income (loss) available to common shareholders—basic

   $ 666      $ (496    $ (504    $ (1,571

Add-back: undistributed earnings allocated to unvested shareholders

     —        —        —        —  

Less: undistributed earnings reallocated to unvested shareholders

     —        —        —        —  
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income (loss) available to common shareholders—diluted

   $ 666      $ (496    $ (504    $ (1,571
  

 

 

    

 

 

    

 

 

    

 

 

 

 

     Three Months Ended
June 30,
     Six Months Ended
June 30,
 
     2018      2017      2018      2017  

Denominator:

           

Diluted:

           

Weighted-average shares of common stock outstanding

     42,188,672        41,877,473        42,252,027        41,674,671  

Less: weighted-average shares of unvested restricted common stock outstanding

     (1,770,364      (2,220,402      (1,815,432      (2,107,417

Weighted-average number of common shares issuable upon exercise of outstanding stock options

     119,544      —        —        —  
  

 

 

    

 

 

    

 

 

    

 

 

 

Weighted-average number of common shares used in computing diluted net income (loss) per common share

     40,537,852        39,657,071        40,436,595        39,567,254  
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income (loss) per share applicable to common shareholders—diluted

   $ 0.02      $ (0.01    $ (0.01    $ (0.04
  

 

 

    

 

 

    

 

 

    

 

 

 
Schedule of Anti-Dilutive Securities Excluded from Computation of Earnings Per Share

The following common share equivalents have been excluded from the computation of diluted weighted-average shares outstanding, as their effect would have been anti-dilutive:

 

     Three Months Ended
June 30,
     Six Months Ended
June 30,
 
     2018      2017      2018      2017  

Options

     543,794        887,329        846,046        919,875  

Unvested restricted stock

     643,109        839,791        641,825        695,645  

Unvested restricted stock units

     57,158        83,469        67,219        71,526