Net Income (Loss) Per Share

9 Months Ended

Sep. 30, 2016

Note 14. Net Income (Loss) Per Share

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

	Three months ended September 30,					Nine months ended September 30,
	2016		2015			2016		2015
Numerator:
Net income (loss) attributable to common stockholders	$	16,878	$	(2,768	)	$	62,655	$	(13,223	)
Less: Deemed dividend to convertible preferred stockholders		—		(24,890	)		—		(24,890	)
Net Income (loss) available to common stockholders	$	16,878	$	(27,658	)	$	62,655	$	(38,113	)
Denominator:
Weighted average shares used to compute net income (loss) per share attributable to common stockholders, basic		102,707		67,732			101,988		39,612
Weighted average effect of potentially dilutive shares to purchase common stock		2,385		—			2,710		—
Weighted average shares used to compute net income (loss) per share attributable to common stockholders, diluted		105,092		67,732			104,698		39,612
Net income (loss) per share attributable to common stockholders
Basic	$	0.16	$	(0.41	)	$	0.61	$	(0.96	)
Diluted	$	0.16	$	(0.41	)	$	0.60	$	(0.96	)

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 September 30,				Nine months ended September 30,
	2016		2015		2016		2015
Warrants		1,251		—		1,251		—
Outstanding stock options		9,650		12,858		8,723		12,858
Unvested restricted stock units		1,064		862		1,445		862
Total		11,965		13,720		11,419		13,720