Net Loss Per Share

6 Months Ended

Jun. 30, 2016

Earnings Per Share [Abstract]

Net Loss Per Share

5. Net Loss Per Share

The Company calculates earnings per share (“EPS”) as required by FASB ASC Topic No. 260, Earnings Per Share. Basic EPS is calculated by dividing the net income available to common stockholders by the weighted average number of common shares outstanding for the period, excluding common stock equivalents. Diluted EPS is computed by dividing the net income available to common stockholders by the weighted average number of common shares outstanding for the period plus the weighted average number of dilutive common stock equivalents outstanding for the period determined using the treasury-stock method. For periods with a net loss, the dilutive common stock equivalents are excluded from the diluted EPS calculation. For purposes of this calculation, common stock subject to repurchase by the Company and options are considered to be common stock equivalents and are only included in the calculation of diluted earnings per share when their effect is dilutive.

	Three Months Ended June 30,						Six Months Ended June 30,
	2016			2015			2016			2015
	(unaudited, in thousands, except per share amounts)
Numerator:
Net loss available to common stockholders	$	(3,280	)	$	(1,231	)	$	(6,986	)	$	(1,241	)
Denominator:
Weighted average shares outstanding—basic		46,964			46,257			46,529			45,881
Potential common shares—options (treasury stock method)		—			—			—			—
Weighted average shares outstanding—diluted		46,964			46,257			46,529			45,881
Shares excluded (anti-dilutive)		—			134			—			164
Shares excluded due to an exercise price greater than weighted average stock price for the period		1,470			1,534			1,470			1,489
Net loss per common share:
Basic	($	0.07	)	($	0.03	)	($	0.15	)	($	0.03	)
Diluted	($	0.07	)	($	0.03	)	($	0.15	)	($	0.03	)