Net Income (Loss) Per Common Share (Tables)

12 Months Ended

Dec. 31, 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):



	Year Ended December 31,
	2019			2018			2017
Numerator:
Net income (loss)	$	23,635		$	24,635		$	(14,880	)
Less: Net income (loss) attributable to noncontrolling interest	(4,320		)	(2,411		)	(2,811		)
Net income (loss) attributable to On Deck Capital, Inc. common stockholders	$	27,955		$	27,046		$	(12,069	)
Denominator:
Weighted-average common shares outstanding, basic	74,148,387			74,561,019			72,890,313
Net income (loss) per common share, basic	$	0.38		$	0.36		$	(0.17	)
Effect of dilutive securities	2,815,362			3,988,921			—
Weighted-average common shares outstanding, diluted	76,963,749			78,549,940			72,890,313
Net income (loss) per common share, diluted	$	0.36		$	0.34		$	(0.17	)
Anti-dilutive securities excluded	6,491,071			5,423,547			11,410,980

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:



	Year Ended December 31,
Dilutive Common Share Equivalents	2019	2018	2017
Weighted-average common shares outstanding	74,148,387	74,561,019	72,890,313
RSUs and PRSUs	559,257	1,145,311	—
Stock options	2,234,490	2,843,610	—
Employee stock purchase plan	21,615	—	—
Total dilutive common share equivalents	76,963,749	78,549,940	72,890,313

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 twelve months ended December 31, 2019, 2018 and 2017.



	Year Ended December 31,
	2019	2018	2017
Anti-Dilutive Common Share Equivalents
Warrants to purchase common stock	—	22,000	22,000
RSUs and PRSUs	1,823,538	702,024	3,342,640
Stock options	4,215,151	4,525,996	7,918,853
Employee stock purchase plan	452,382	173,527	127,487
Total anti-dilutive common share equivalents	6,491,071	5,423,547	11,410,980