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Net Income (Loss) Per Share (Tables)
12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Computation of Basic and Diluted 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):

 

 

 

Years Ended December 31,

 

 

 

2016

 

 

2015

 

 

2014

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to common stockholders

 

$

91,687

 

 

$

(28,246

)

 

$

(70,852

)

Less: Deemed dividend to convertible preferred stockholders

 

 

 

 

 

(24,890

)

 

 

 

Net Income (loss) available to common stockholders

 

$

91,687

 

 

$

(53,136

)

 

$

(70,852

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares used to compute net income (loss)

   per share attributable to common stockholders, basic

 

 

102,367

 

 

 

55,091

 

 

 

22,795

 

Weighted average effect of potentially dilutive shares

   to purchase common stock

 

 

2,597

 

 

 

 

 

 

 

Weighted average shares used to compute net income

   (loss) per share attributable to common stockholders, diluted

 

 

104,964

 

 

 

55,091

 

 

 

22,795

 

Net income (loss) per share attributable to common

   stockholders

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.90

 

 

$

(0.96

)

 

$

(3.11

)

Diluted

 

$

0.87

 

 

$

(0.96

)

 

$

(3.11

)

 

Schedule of Shares Excluded From Computation of Diluted Net Income (Loss) 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):

 

 

 

Year Ended December 31,

 

 

 

2016

 

 

2015

 

 

2014

 

Preferred stock

 

 

 

 

 

 

 

 

54,841

 

Warrants

 

 

1,251

 

 

 

1,251

 

 

 

 

Outstanding stock options

 

 

8,981

 

 

 

12,631

 

 

 

11,328

 

Unvested restricted stock units

 

 

1,564

 

 

 

599

 

 

 

 

ESPP

 

 

 

 

 

79

 

 

 

 

Total

 

 

11,796

 

 

 

14,560

 

 

 

66,169