Net Income (Loss) per Share

12 Months Ended

Dec. 31, 2013

Net Income (Loss) per Share

17. Net Income (Loss) per Share

Basic and diluted net income per share attributable to ordinary shareholders was calculated as follows for the years ended December 31, 2013, 2012 and 2011:

	Year Ended December 31,
	2013		2012			2011
Basic net income per share attributable to ordinary shareholders:
Numerator:
Net income	$	30,457	$	5,408		$	2,869
Accretion of redeemable convertible preferred shares to redemption value		—		(335	)		(446	)
Net income attributable to participating securities		—		—			(2,294	)
Net income attributable to ordinary shareholders	$	30,457	$	5,073		$	129
Denominator:
Weighted average ordinary shares outstanding—basic		35,722,300		8,822,169			1,497,150
Net income per share attributable to ordinary shareholders—basic	$	0.85	$	0.58		$	0.09
Diluted net income per share attributable to ordinary shareholders:
Numerator:
Net income	$	30,457	$	5,408		$	2,869
Accretion of redeemable convertible preferred shares to redemption value		—		(335	)		(446	)
Net income attributable to participating securities		—		—			(2,248	)
Net income attributable to ordinary shareholders—diluted	$	30,457	$	5,073		$	175
Denominator:
Weighted average ordinary shares outstanding—basic		35,722,300		8,822,169			1,497,150
Dilutive effect of ordinary share equivalents		1,417,539		1,262,411			580,442
Weighted average ordinary shares outstanding—diluted		37,139,839		10,084,580			2,077,592
Net income per share attributable to ordinary shareholders—diluted	$	0.82	$	0.50		$	0.08

Stock options for the purchase of 0, 203,170 and 67,587 weighted average shares were excluded from the computation of diluted net income per share attributable to ordinary shareholders for the years ended December 31, 2013, 2012 and 2011, respectively, because those options had an antidilutive impact due to their exercise prices being greater than the average fair value of the Company’s ordinary shares for those periods.