Net Income (Loss) Per Share

12 Months Ended

Dec. 31, 2016

Note 16—Net income (loss) per share

The following is a reconciliation of the numerator and denominator in the basic and diluted net income (loss) per common share computations (in thousands, except share data):

	Predecessor		Successor
	Period from		Period from
	January 1, 2014		February 1, 2014
	through		through			Year ended December 31,
	January 31, 2014		December 31, 2014			2015			2016
Numerator:
Net income (loss)	$	1,093	$	(9,286	)	$	4,357		$	5,313
Adjustments to numerator:
Dividend paid to preferred stockholders		-		-			-		$	(66,531	)
Accretion of convertible preferred stock to maximum redemption value		-		(10,287	)		(51,967	)	$	(436,317	)
Net loss attributable to common stockholders		1,093		(19,573	)		(47,610	)	$	(497,535	)

Denominator:
Weighted average common shares outstanding - basic		1,000		27,593			30,523			12,606,529
Weighted average common shares outstanding - diluted		1,005		27,593			30,523			12,606,529

Net income (loss) per share:
Basic	$	1,093.00	$	(709.35	)	$	(1,559.81	)	$	(39.47	)
Diluted	$	1,087.56	$	(709.35	)	$	(1,559.81	)	$	(39.47	)

Anti-dilutive securities excluded from diluted EPS:
Service-based stock options		-		3,019,451			3,997,503			3,168,967
Common shares underlying convertible preferred stock		-		37,271,375			37,271,375			-
Performance-based stock options		-		3,557,057			4,848,869			3,836,107
Restricted stock units		-		-			-			586,224
Total		-		43,847,883			46,117,747			7,591,298