Net Income (Loss) Per Common Share

12 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

Net (Loss) Income Per Common Share

Note 13: Net Income (Loss) Per Common Share

Basic and diluted net income (loss) per share attributable to common shareholders is computed by dividing net income (loss) by the weighted average number of common shares outstanding after subtracting the weighted average of any unvested restricted shares outstanding, as these shares are subject to repurchase. There were no dilutive effects from any equity instruments for any period prior to 2014, therefore diluted net income (loss) per share was the same as basic net income (loss) for periods presented prior to January 30, 2014, and for the year ended December 31, 2014, which reflects a net loss attributable to common shareholders.

Diluted net income per share would be computed by dividing the net income for the period by the weighted average number of common shares outstanding after subtracting the weighted average of any unvested restricted shares outstanding and adding any potentially dilutive common equivalent shares outstanding during the period, if dilutive. Potentially dilutive common equivalent shares are composed of the incremental common shares issuable upon the exercise of warrants for common stock and the potential conversion of preferred shares to common shares, none of which were outstanding prior to January 30, 2014.   There were no dilutive effects for the year ended December 31, 2014 as the Company reported a net loss attributable to common shareholders for the period.  

The following table presents the calculation of basic and diluted net income (loss) per share for periods presented (in thousands, except per share data):

	Year ended December 31, 2014			Year ended December 31, 2013			Period from March 20 through December 31, 2012			Period from January 1 through March 19, 2012
Numerator for basic and diluted net income (loss) per share:
Net income (loss)	$	3,070		$	338		$	(12,353	)	$	(3,433	)
Preferred deemed dividend		(9,455	)		—			—			—
Net (loss) income  attributable to common shareholders	$	(6,385	)	$	338		$	(12,353	)	$	(3,433	)
Denominator for basic and diluted net income (loss) per share:
Weighted-average shares outstanding		202,208,619			201,419,306			200,298,083			1,000
Weighted-average unvested restricted shares outstanding		(1,338,691	)		(1,115,238	)		(298,083	)		-
Denominator for basic and diluted net income (loss) per share:		200,869,928			200,304,068			200,000,000			1,000
Basic and diluted net (loss) income  per share attributable to common shareholders	$	(0.03	)	$	0.00		$	(0.06	)	$	(3,433.00	)