XML 32 R18.htm IDEA: XBRL DOCUMENT v3.7.0.1
Net Income (Loss) Per Share
 6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share
Net Income (Loss) Per Share
"Basic net income (loss) per share" is computed using the weighted average number of common shares outstanding during the period. "Diluted net income (loss) per share" is computed using the weighted average number of common shares outstanding plus the number of dilutive potential common shares outstanding during the period. Dilutive potential common shares consist of the incremental common shares issuable upon the exercise of outstanding stock options and vesting of unvested RSUs. Dilutive potential common shares are excluded from the computation of earnings per share if their effect is antidilutive.
The computation of basic and diluted net income (loss) per share attributable to Blucora, Inc. is as follows (in thousands):
 
Three months ended June 30,
 
Six months ended June 30,
 
2017
 
2016
 
2017
 
2016
Numerator:
 
 
 
 
 
 
 
Income from continuing operations
$
3,480

 
$
5,645

 
$
34,190

 
$
25,934

Net income attributable to noncontrolling interests
(176
)
 
(115
)
 
(302
)
 
(259
)
Income from continuing operations attributable to Blucora, Inc.
3,304

 
5,530

 
33,888

 
25,675

Loss from discontinued operations attributable to Blucora, Inc.
—

 
(19,975
)
 
—

 
(17,453
)
Net income (loss) attributable to Blucora, Inc.
$
3,304

 
$
(14,445
)
 
$
33,888

 
$
8,222

Denominator:
 
 
 
 
 
 
 
Weighted average common shares outstanding, basic
43,644

 
41,405

 
42,895

 
41,288

Dilutive potential common shares
3,293

 
893

 
3,287

 
666

Weighted average common shares outstanding, diluted
46,937

 
42,298

 
46,182

 
41,954

Net income (loss) per share attributable to Blucora, Inc. - basic:
 
 
 
 
 
 
Continuing operations
$
0.08

 
$
0.13

 
$
0.79

 
$
0.62

Discontinued operations
—

 
(0.48
)
 
—

 
(0.42
)
Basic net income (loss) per share
$
0.08

 
$
(0.35
)
 
$
0.79

 
$
0.20

Net income (loss) per share attributable to Blucora, Inc. - diluted:
 
 
 
 
 
 
Continuing operations
$
0.07

 
$
0.13

 
$
0.73

 
$
0.61

Discontinued operations
—

 
(0.47
)
 
—

 
(0.41
)
Diluted net income (loss) per share
$
0.07

 
$
(0.34
)
 
$
0.73

 
$
0.20

Shares excluded
664

 
7,524

 
1,363

 
7,648


Shares excluded primarily related to stock options with an exercise price greater than the average price during the applicable periods.