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Income (Loss) Per Share of Class A and Class B Common Stock (Tables)
6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Schedule of Earnings per Share, Basic and Diluted
The following table sets forth the computation of basic and diluted net income (loss) per share of Class A and Class B common stock for the three and six months ended June 30, 2016 and 2015 (in thousands, except share amounts and per share amounts):
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2016
 
2015
 
2016
 
2015
 
 
Class A
 
Class B
 
Class A
 
Class B
 
Class A
 
Class B
 
Class A
 
Class B
Basic net income (loss) per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Numerator
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allocation of net income (loss) - continuing operations
 
$
(51,516
)
 
$
(215
)
 
$
(15,211
)
 
$
(56
)
 
$
(96,924
)
 
$
(403
)
 
$
(31,892
)
 
$
(114
)
Less: Allocation of net income (loss) attributable to noncontrolling interests
 
3,160

 
13

 
2,818

 
10

 
6,668

 
28

 
6,622

 
24

Allocation of net income (loss) attributable to common stockholders - continuing operations
 
$
(54,676
)
 
$
(228
)
 
$
(18,029
)
 
$
(66
)
 
$
(103,592
)
 
$
(431
)
 
$
(38,514
)
 
$
(138
)
Allocation of net income (loss) attributable to common stockholders - discontinued operations
 

 

 
126,725

 
454

 

 

 
132,986

 
477

Allocation of net income (loss) attributable to common stockholders
 
$
(54,676
)
 
$
(228
)
 
$
108,696

 
$
388

 
$
(103,592
)
 
$
(431
)
 
$
94,472

 
$
339

Denominator
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted-average common shares outstanding
 
574,503,028

 
2,399,976

 
669,230,193

 
2,399,976

 
577,427,365

 
2,399,976

 
671,606,577

 
2,399,976

Basic net income (loss) per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Continuing operations
 
$
(0.10
)
 
$
(0.10
)
 
$
(0.03
)
 
$
(0.03
)
 
$
(0.18
)
 
$
(0.18
)
 
$
(0.06
)
 
$
(0.06
)
Discontinued operations
 

 

 
0.19

 
0.19

 

 

 
0.20

 
0.20

Basic net income (loss) per share
 
$
(0.10
)
 
$
(0.10
)
 
$
0.16

 
$
0.16

 
$
(0.18
)
 
$
(0.18
)
 
$
0.14

 
$
0.14

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted net income (loss) per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Numerator
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allocation of net income (loss) attributable to common stockholders for basic computation - continuing operations
 
$
(54,676
)
 
$
(228
)
 
$
(18,029
)
 
$
(66
)
 
$
(103,592
)
 
$
(431
)
 
$
(38,514
)
 
$
(138
)
Reallocation of net income (loss) attributable to common stockholders as a result of conversion of Class B (1)
 

 

 

 

 

 

 

 

Plus: Interest expense on convertible senior notes, net of tax (1)
 

 

 

 

 

 

 

 

Allocation of net income (loss) attributable to common stockholders - continuing operations
 
$
(54,676
)
 
$
(228
)
 
$
(18,029
)
 
$
(66
)
 
$
(103,592
)
 
$
(431
)
 
$
(38,514
)
 
$
(138
)
Allocation of net income (loss) attributable to common stockholders for basic computation - discontinued operations
 
$

 
$

 
$
126,725

 
$
454

 
$

 
$

 
$
132,986

 
$
477

Reallocation of net income (loss) attributable to common stockholders as a result of conversion of Class B (1)
 

 

 

 

 

 

 

 

Allocation of net income (loss) attributable to common stockholders - discontinued operations
 

 

 
126,725

 
454

 

 

 
132,986

 
477

Allocation of net income (loss) attributable to common stockholders
 
$
(54,676
)
 
$
(228
)
 
$
108,696

 
$
388

 
$
(103,592
)
 
$
(431
)
 
$
94,472

 
$
339

Denominator
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted-average common shares outstanding used in basic computation
 
574,503,028

 
2,399,976

 
669,230,193

 
2,399,976

 
577,427,365

 
2,399,976

 
671,606,577

 
2,399,976

Conversion of
Class B (1)
 

 

 

 

 

 

 

 

Employee stock options (1)
 

 

 

 

 

 

 

 

Restricted shares and RSUs (1)
 

 

 

 

 

 

 

 

Convertible senior notes (1)
 

 

 

 

 

 

 

 

Warrants (1)
 

 

 

 

 

 

 

 

Weighted-average diluted shares outstanding (1)
 
574,503,028

 
2,399,976

 
669,230,193

 
2,399,976

 
577,427,365

 
2,399,976

 
671,606,577

 
2,399,976

Diluted net income (loss) per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Continuing operations
 
$
(0.10
)
 
$
(0.10
)
 
$
(0.03
)
 
$
(0.03
)
 
$
(0.18
)
 
$
(0.18
)
 
$
(0.06
)
 
$
(0.06
)
Discontinued operations
 

 

 
0.19

 
0.19

 

 

 
0.20

 
0.20

Diluted net income (loss) per share
 
$
(0.10
)
 
$
(0.10
)
 
$
0.16

 
$
0.16

 
$
(0.18
)
 
$
(0.18
)
 
$
0.14

 
$
0.14


(1)
The impact of the conversion of Class B common stock into Class A common stock, outstanding equity awards and outstanding convertible senior notes and warrants have not been reflected in the diluted income (loss) per share calculation for the three and six months ended June 30, 2016 and 2015 because the effect on net income (loss) per share from continuing operations would be antidilutive.
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
The following weighted-average outstanding equity awards are not included in the diluted net income (loss) per share calculations above because they would have had an antidilutive effect on the net income (loss) per share from continuing operations:
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2016
 
2015
 
2016
 
2015
Stock options
 
1,241,917

 
1,986,295

 
1,353,100

 
2,060,915

Restricted stock units
 
35,796,752

 
43,168,136

 
36,992,033

 
40,612,765

Restricted stock
 
1,219,018

 
1,005,543

 
1,456,165

 
793,170

ESPP shares
 
1,219,133

 
837,123

 
1,315,666

 
729,180

Convertible senior notes
 
44,261,298

 

 
22,130,649

 

Warrants
 
26,455,029

 

 
13,227,514

 

Total
 
110,193,147

 
46,997,097

 
76,475,127

 
44,196,030