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Net Income (Loss) per Common Share (Tables)
9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Reconciliation of Basic and Diluted Net Income (Loss) per Share

The following table sets forth a reconciliation of basic and diluted net income (loss) per share (in thousands except share and per share amounts):

 

 

 

Three Months Ended

September 30,

 

 

Nine Months Ended

September 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Net income (loss)

 

$

(35,051

)

 

$

567

 

 

$

(61,582

)

 

$

(42,309

)

Shares used in computing basic net income (loss) per

   common share

 

 

65,134,102

 

 

 

62,274,438

 

 

 

64,472,947

 

 

 

38,674,889

 

Add effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options to purchase common stock

 

 

 

 

 

8,514,752

 

 

 

 

 

 

 

Common stock warrants

 

 

 

 

 

936,928

 

 

 

 

 

 

 

Shares used in computing diluted net income (loss) per

   common share

 

 

65,134,102

 

 

 

71,726,118

 

 

 

64,472,947

 

 

 

38,674,889

 

Net income (loss) per common share, basic

 

$

(0.54

)

 

$

0.01

 

 

$

(0.96

)

 

$

(1.09

)

Net income (loss) per common share, diluted

 

$

(0.54

)

 

$

0.01

 

 

$

(0.96

)

 

$

(1.09

)

 

Schedule of Securities Excluded from Diluted Net Income (Loss) per Common Share

The following securities were excluded from diluted net income (loss) per common share because their inclusion would be anti-dilutive:

 

 

 

Three Months Ended

September 30,

 

 

Nine Months Ended

September 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Options to purchase common stock

 

 

10,544,907

 

 

 

285

 

 

 

10,544,907

 

 

 

9,889

 

Restricted stock units

 

 

660,800

 

 

 

 

 

 

660,800

 

 

 

 

Common stock warrants

 

 

97,740

 

 

 

3

 

 

 

97,740

 

 

 

947

 

Total

 

 

11,303,447

 

 

 

288

 

 

 

11,303,447

 

 

 

10,836