Net Income (Loss) Per Share (Tables)

6 Months Ended

Jun. 30, 2016

Computation of Basic and Diluted Net Loss Per Share

The computation of the Company’s basic and diluted net loss per share are as follows (in thousands, except per share amounts):

	Three Months Ended June 30,					Six Months Ended June 30,
	2016		2015			2016		2015
Numerator:
Net income (loss) attributable to common stockholders	$	32,643	$	7,540		$	45,777	$	(10,455	)
Less: Net income allocated to participating securities		—		(7,540	)		—		—
Net Income (loss) available to common stockholders	$	32,643	$	—		$	45,777	$	(10,455	)
Denominator:
Weighted average shares used to compute net income (loss) per share attributable to common stockholders, basic		101,969		26,215			101,621		25,322
Weighted average effect of potentially dilutive shares to purchase common stock		2,799		—			2,873		—
Weighted average shares used to compute net income (loss) per share attributable to common stockholders, diluted		104,768		26,215			104,494		25,322
Net income (loss) per share attributable to common stockholders
Basic	$	0.32	$	—		$	0.45	$	(0.41	)
Diluted	$	0.31	$	—		$	0.44	$	(0.41	)

Schedule of Shares Excluded from Computation of Earnings Per Share

The following shares were excluded from the computation of diluted net income (loss) per share as the impact of including those shares would be anti-dilutive (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
Preferred stock		—		54,841		—		54,841
Warrants		1,251		—		1,251		—
Outstanding stock options		8,060		12,454		8,060		12,454
Unvested restricted stock units		1,328		35		1,328		35
Total		10,639		67,330		10,639		67,330