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Income (Loss) Per Share
 9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Earnings Per Share
LOSS) PER SHARE

The Company computes net income (loss) attributable to common stockholders using the two-class method required for capital structures that include participating securities. Under the two-class method, securities that participate in non-forfeitable dividends, such as the Company’s outstanding unvested restricted stock, are considered “participating securities.”
  
In applying the two-class method, (i) basic net income (loss) per share is computed by dividing net income (loss) (less any dividends paid on participating securities) by the weighted average number of shares of common stock and participating securities outstanding for the period and (ii) diluted earnings per share may include the additional effect of other securities, if dilutive, in which case the dilutive effect of such securities is calculated by applying the two-class method and the treasury stock method to the assumed exercise or vesting of potentially dilutive common shares. The method yielding the more dilutive result is ultimately reported for the applicable period. Potentially dilutive common stock equivalents primarily consist of employee stock options, and restricted stock units for calculations utilizing the two-class method, and also include unvested restricted stock, when utilizing the treasury method.

    


The following table presents the weighted-average number of common shares outstanding used in the calculation of basic and diluted income (loss) per share:
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
 
2016
 
2015
 
2016
 
2015
Numerator (in thousands):
 
 
 
 
 
 
 
 
Basic and Diluted
 
 
 
 
 
 
 
 
Net income (loss)
 
$
7,082

 
$
(27,310
)
 
$
(43,456
)
 
$
(44,126
)
Undistributed earnings allocated to participating securities
 
(39
)
 
—

 
—

 
—

Total dividends declared / paid
 
—

 
(6,342
)
 
—

 
(19,091
)
Dividends attributable to common stockholders
 
—

 
6,202

 
—

 
18,526

Net income (loss) attributable to common stockholders – basic and diluted
 
$
7,043

 
$
(27,450
)
 
$
(43,456
)
 
$
(44,691
)
 
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
 
Weighted-average shares used in computing net income(loss) per share attributable to common stockholders – basic
 
50,124,302

 
49,630,369

 
50,024,047

 
49,423,548

Effect of potentially dilutive securities:
 
 
 
 
 
 
 
 
Common stock options and restricted stock units
 
494,455

 
—

 
—

 
—

Weighted-average shares used in computing net loss per share attributable to common stockholders – diluted
 
50,618,757

 
49,630,369

 
50,024,047

 
49,423,548

 
 
 
 
 
 
 
 
 
Basic and diluted net income (loss) per common share
 
$
0.14

 
$
(0.55
)
 
$
(0.87
)
 
$
(0.90
)
Anti-dilutive equity-based incentive awards excluded from the computation of diluted income (loss) per share
 
3,593,708

 
71,468

 
4,410,974

 
71,468

Minimum price of awards excluded from the computation of diluted income (loss) per share
 
$
—

 
$
—

 
$
—

 
$
—

Maximum price of awards excluded from the computation of diluted income (loss) per share
 
$
13.38

 
$
13.38

 
$
13.38

 
$
13.38