Net Income (Loss) Per Common Share (Tables)

6 Months Ended

Jun. 30, 2019

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,
	2019			2018			2019			2018
Numerator:
Net Income (loss)	$	2,168		$	4,612		$	7,496		$	2,036
Less: Net income (loss) attributable to noncontrolling interest	(2,127		)	(1,016		)	(2,465		)	(1,535		)
Net income (loss) attributable to On Deck Capital, Inc. common stockholders	$	4,295		$	5,628		$	9,961		$	3,571
Denominator:
Weighted-average common shares outstanding, basic	76,137,751			74,385,446			75,840,604			74,182,929
Net income (loss) per common share, basic	$	0.06		$	0.08		$	0.13		$	0.05
Effect of dilutive securities	2,763,850			3,902,821			3,173,153			3,603,819
Weighted-average common shares outstanding, diluted	78,901,601			78,288,267			79,013,757			77,786,748
Net income (loss) per common share, diluted	$	0.05		$	0.07		$	0.13		$	0.05
Anti-dilutive securities excluded	6,747,782			5,174,846			5,591,794			5,351,219

Schedule of Earnings Per Share, Diluted, by Common Class, Including Two Class Method

The following common share equivalent securities have been included in the calculation of dilutive weighted-average common shares outstanding:



	Three Months Ended June 30,		Six Months Ended June 30,
Dilutive Common Share Equivalents	2019	2018	2019	2018
Weighted-average common shares outstanding	76,137,751	74,385,446	75,840,604	74,182,929
RSUs and PRSUs	489,080	1,018,066	755,731	768,172
Stock options	2,274,770	2,860,430	2,413,951	2,830,587
Employee stock purchase plan	—	24,325	3,471	5,060
Total dilutive common share equivalents	78,901,601	78,288,267	79,013,757	77,786,748

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following common share equivalent securities were excluded from the calculation of diluted net income per share attributable to common stockholders. Their effect would have been antidilutive for the three and six months ended June 30, 2019 and 2018.



	Three Months Ended June 30,		Six Months Ended June 30,
	2019	2018	2019	2018
Anti-Dilutive Common Share Equivalents
Warrants to purchase common stock	—	22,000	—	22,000
RSUs and PRSUs	2,361,583	429,942	1,633,192	600,632
Stock options	4,176,551	4,722,904	3,958,602	4,728,587
Employee stock purchase plan	209,648	—	—	—
Total anti-dilutive common share equivalents	6,747,782	5,174,846	5,591,794	5,351,219