Net Income Per Share Available to Common Stock (Tables)

3 Months Ended

Mar. 31, 2015

Schedule of Basic and Diluted Net Income Per Share Available to Common Stock

The following table sets forth the computation of our basic and diluted net income per share available to common stock (in thousands, except per share amounts):



	Three Months Ended March 31,
	2015			2014
Numerator:
Basic:
Net income	$	24,492		$	12,329
Less: undistributed earnings allocated to participating securities	(460		)	(5,967		)
Net income available to common stockholders, basic	$	24,032		$	6,362
Diluted:
Net income attributable to common stockholders, basic	$	24,032		$	6,362
Add: undistributed earnings allocated to participating securities	39			454
Net income attributable to common stockholders, diluted	$	24,071		$	6,816
Denominator:
Basic:
Weighted-average shares used in computing net income per share available to common stockholders, basic	64,635			29,124
Diluted:
Weighted-average shares used in computing net income per share available to common stockholders, basic	64,635			29,124
Add weighted-average effect of dilutive securities:
Stock options, RSUs and RSAs	5,928			4,692
Employee stock purchase plan	159			—
Weighted-average shares used in computing net income per share available to common stockholders, diluted	70,722			33,816
Net income per share attributable to common stockholders:
Basic	$	0.37		$	0.22
Diluted	$	0.34		$	0.20

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following outstanding shares of common stock equivalents were excluded from the computation of diluted net income per share available to common stockholders for the periods presented because including them would have been anti-dilutive (in thousands):



	Three Months Ended March 31,
	2015	2014
Stock options and RSUs to purchase common stock	1,906	1,959