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Net Income (Loss) per Share (Tables)
12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Income (Loss) Per Share

The following table provides the computation of basic and diluted net income (loss) per share for the years ended December 31, 2016, 2015 and 2014 (in thousands, except per share amounts):

 

 

 

Year Ended December 31,

 

 

 

2016

 

 

2015

 

 

2014

 

Net income (loss)

 

$

(5,723

)

 

$

(2,535

)

 

$

1,132

 

Deemed dividends on preferred stock

 

 

18,011

 

 

 

40

 

 

 

-

 

Amortization of preferred stock beneficial conversion feature

 

 

6,663

 

 

 

82

 

 

 

-

 

Net income (loss) available to common stockholders

 

$

(30,397

)

 

$

(2,657

)

 

$

1,132

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average common shares outstanding

 

 

77,542

 

 

 

60,526

 

 

 

53,483

 

Effect of potentially dilutive securities

 

 

-

 

 

 

-

 

 

 

2,533

 

Diluted weighted average shares outstanding

 

 

77,542

 

 

 

60,526

 

 

 

56,016

 

Basic net income (loss) per share attributable to common stockholders

 

$

(0.39

)

 

$

(0.04

)

 

$

0.02

 

Diluted net income (loss) per share attributable to common stockholders

 

$

(0.39

)

 

$

(0.04

)

 

$

0.02