Net Income (Loss) Per Common Share (Tables)

6 Months Ended

Jun. 30, 2015

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

Basic and diluted net income (loss) per common share is calculated as follows (in thousands, except share and per share data):

	Three Months Ended June 30,					Six Months Ended June 30,
	2015		2014			2015			2014
Numerator:
Net income (loss)	$	4,748	$	(1,054	)	$	(595	)	$	(14,771	)
Less: net loss attributable to noncontrolling interest	232		—			232			—
Less: Accretion of dividends on redeemable convertible preferred stock	—		(3,596		)	—			(6,200		)
Net income (loss) attributable to On Deck Capital, Inc. common stockholders	$	4,980	$	(4,650	)	$	(363	)	$	(20,971	)
Denominator:
Weighted-average common shares outstanding:
Basic	69,479,737		5,262,317			69,366,278			4,983,554
Weighted average effect of dilutive securities:
Stock options	5,819,581		—			—			—
Restricted stock and RSUs	40,032		—			—			—
Employee stock purchase program	58,776		—			—			—
Warrants to purchase common stock	282,164		—			—			—
Diluted weighted-average common shares outstanding	75,680,290		5,262,317			69,366,278			4,983,554
Net income (loss) attributable to On Deck Capital, Inc. common stockholders per common share:
Basic	$	0.07	$	(0.88	)	$	(0.01	)	$	(4.21	)
Diluted	$	0.07	$	(0.88	)	$	(0.01	)	$	(4.21	)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following common share equivalent securities have been excluded from the calculation of weighted-average common shares outstanding because the effect is anti-dilutive for the periods presented:

	Three Months Ended June 30,		Six Months Ended June 30,
	2015	2014	2015	2014
Anti-Dilutive Common Share Equivalents
Redeemable convertible preferred stock:
Series A	—	4,438,662	—	4,438,662
Series B	—	10,755,262	—	10,755,262
Series C	—	9,735,538	—	9,735,538
Series C-1	—	1,701,112	—	1,701,112
Series D	—	14,467,756	—	14,467,756
Series E	—	5,234,546	—	5,234,546
Warrants to purchase redeemable convertible preferred stock	—	1,423,768	—	1,423,768
Warrants to purchase common stock	22,000	4,077,066	2,516,288	4,077,066
Restricted stock units and restricted stock	351,737	—	555,666	—
Stock options	1,125,043	8,179,788	9,911,822	8,179,788
Total anti-dilutive common share equivalents	1,498,780	60,013,498	12,983,776	60,013,498