Net Income (Loss) Per Share

3 Months Ended

Mar. 31, 2016

Note 2—Net Income (Loss) Per Share

The following table presents the basic and diluted net income (loss) per share for each period presented:



	Three Months Ended
	March 31, 2016			March 31, 2015

	(In thousands, except per share data)
Net income (loss)	$	2,284		$	(5,031	)
Weighted-average common shares outstanding	47,137			37,473
Weighted-average unvested restricted shares	(1,700		)	(1,715		)
Weighted-average escrow shares	(774		)	—
Weighted-average common shares outstanding used to compute net income (loss) per share	44,663			35,758
Basic net income (loss) per share	$	0.05		$	(0.14	)
Diluted EPS:
Net income (loss)	$	2,284		$	(5,031	)
Weighted-average common shares used in basic EPS	44,663			35,758
Dilutive effect of weighted-average common stock options	1,722			—
Dilutive effect of weighted-average restricted stock awards	613			—
Dilutive effect of weighted-average restricted stock units	897			—
Dilutive effect of weighted-average ESPP	18			—
Dilutive effect of weighted-average escrow shares	763			—
Weighted-average shares used to compute diluted net income (loss) per share	48,676			35,758
Diluted net income (loss) per share	$	0.05		$	(0.14	)

The following shares have been excluded from the calculation of diluted net income (loss) per share for each period presented because they are anti-dilutive:



	March 31, 2016	March 31, 2015

	(in thousands)
Options to purchase common stock	—	7,348
Unvested restricted stock awards	—	1,691
Unvested restricted stock units	—	950
Shares held in escrow	—	125
Total shares excluded from net income (loss) per share	—	10,114

In addition to the above anti-dilutive shares, shares contingently issuable if certain milestones were achieved on December 31, 2015 related to business combinations that occurred during the year ended December 31, 2014 have been excluded from the calculation of diluted net loss per share for the three months ended March 31, 2015. If March 31, 2015 had been the end of the contingency period, 532,487 shares would have been issuable. On December 31, 2015, the Company issued 585,170 shares in connection with the contingent consideration, which were included in the calculation of basic and diluted net income per share for the three months ended March 31, 2016.