XML 41 R28.htm IDEA: XBRL DOCUMENT v3.7.0.1
Net Income (Loss) Per Share of Common Stock (Tables)
3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Net Income (Loss) Per Share of Common Stock

The following table sets forth the computation of basic and diluted net income (loss) per share of common stock (in thousands, except per share data):

 

 

 

Three Months Ended March 31,

 

 

 

2017

 

 

2016

 

 

 

Class

 

 

Class

 

 

Class

 

 

Class

 

 

Class

 

 

Class

 

 

 

A

 

 

B

 

 

C

 

 

A

 

 

B

 

 

C

 

 

 

(unaudited)

 

BASIC:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to common

   stockholders

 

$

(8,356

)

 

$

(896

)

 

$

(222

)

 

$

(22,471

)

 

$

(3,461

)

 

$

(626

)

Weighted-average common shares outstanding

 

 

772,364

 

 

 

82,831

 

 

 

20,517

 

 

 

737,061

 

 

 

113,515

 

 

 

20,517

 

Basic net income (loss) per share

 

$

(0.01

)

 

$

(0.01

)

 

$

(0.01

)

 

$

(0.03

)

 

$

(0.03

)

 

$

(0.03

)

DILUTED:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to common

   stockholders

 

$

(8,356

)

 

$

(896

)

 

$

(222

)

 

$

(22,471

)

 

$

(3,461

)

 

$

(626

)

Reallocation of net income (loss) as a result of

   conversion of Class C shares to Class A shares

 

 

(222

)

 

 

 

 

 

 

 

 

(626

)

 

 

 

 

 

 

Reallocation of net income (loss) as a result of

   conversion of Class B shares to Class A shares

 

 

(896

)

 

 

 

 

 

 

 

 

(3,461

)

 

 

 

 

 

 

Net income (loss) attributable to common

   stockholders-diluted

 

$

(9,474

)

 

$

(896

)

 

$

(222

)

 

$

(26,558

)

 

$

(3,461

)

 

$

(626

)

Weighted-average common shares outstanding-basic

 

 

772,364

 

 

 

82,831

 

 

 

20,517

 

 

 

737,061

 

 

 

113,515

 

 

 

20,517

 

Conversion of Class C to Class A common shares

   outstanding

 

 

20,517

 

 

 

 

 

 

 

 

 

20,517

 

 

 

 

 

 

 

Conversion of Class B to Class A common shares

   outstanding

 

 

82,831

 

 

 

 

 

 

 

 

 

113,515

 

 

 

 

 

 

 

Weighted-average common shares

   outstanding-diluted

 

 

875,712

 

 

 

82,831

 

 

 

20,517

 

 

 

871,093

 

 

 

113,515

 

 

 

20,517

 

Diluted net income (loss) per share

 

$

(0.01

)

 

$

(0.01

)

 

$

(0.01

)

 

$

(0.03

)

 

$

(0.03

)

 

$

(0.03

)

 

 

 

 

 

 

Shares excluded from Computation of Diluted Net Income (Loss) per Share

The following weighted-average equity awards were excluded from the computation of diluted net income (loss) per share because their effect would have been anti-dilutive for the periods presented (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

 

2017

 

 

2016

 

 

Stock options and employee stock purchase plan

 

 

35,905

 

 

 

22,985

 

 

Restricted shares

 

 

1,417

 

 

 

5,504

 

 

ZSUs

 

 

52,932

 

 

 

63,758

 

 

Total

 

 

90,254

 

 

 

92,247