Net Income (Loss) Per Share (Tables)

6 Months Ended

Jun. 30, 2020

Basic and Diluted Net Income (Loss) per Share

The following tables detail the computation of the Company’s basic and diluted net income (loss) per share of common stock and Series A Preferred Stock:



Three Months Ended June 30,	2020						2019
	Common Stock			Preferred Stock⁽¹⁾⁽²⁾			Common Stock
Net loss attributable to stockholders	$	(61,389	)	$	(17,082	)	$	(10,661	)
Weighted-average common shares – Basic and Diluted ⁽²⁾	70,304,166			19,562,714			86,719,049
Net loss per share attributable to stockholders – Basic and Diluted ⁽²⁾	$	(0.87	)	$	(0.87	)	$	(0.12	)

Six Months Ended June 30,	2020						2019
	Common Stock			Preferred Stock⁽¹⁾⁽²⁾			Common Stock
Allocation of undistributed LendingClub net loss	$	(104,686	)	$	(21,872	)	$	(30,596	)
Deemed dividend	(50,204		)	50,204			—
Net income (loss) attributable to stockholders	$	(154,890	)	$	28,332		$	(30,596	)
Weighted-average common shares – Basic and Diluted ⁽²⁾	78,406,162			11,071,212			86,429,892
Net income (loss) per share attributable to stockholders – Basic and Diluted ⁽²⁾	$	(1.98	)	$	2.56		$	(0.35	)


⁽¹⁾	Presented on an as-converted basis.

⁽²⁾

See “Note 2. Summary of Significant Accounting Policies” and “Note 14. Stockholders' Equity” for additional information.

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table summarizes the weighted-average common stock that were excluded from the Company’s diluted net income (loss) per share computation because their effect would have been anti-dilutive for the periods presented:



	Three Months Ended June 30,		Six Months Ended June 30,
	2020	2019	2020	2019
Preferred stock	19,562,714	—	11,071,212	—
Stock options	196,009	883,665	250,092	881,637
RSUs and PBRSUs	1,368	215,235	16,336	163,213
Total	19,760,091	1,098,900	11,337,640	1,044,850