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Net Income (Loss) Per Share (Tables)
9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Income (Loss) Per Share

The computation of basic and diluted net income (loss) attributable to common stockholders per share consists of the following:

 

     Three Months Ended
September 30,
    Nine Months Ended
September 30,
 
     2014     2013     2014     2013  
    

(In thousands, except

share and per share data)

 

Numerator:

        

Net income (loss)

   $ (2,412 )   $ (12,703 )   $ (63,607 )   $ (30,660 )

Deemed dividends on participating preferred stock (inclusive of issuance costs and changes in redemption value, including extinguishment):

        

Series B

     —         —         —         29,622   

Series A

     —         —         —         55,543   
  

 

 

   

 

 

   

 

 

   

 

 

 

Total preferred stock deemed dividends

     —         —         —         85,165   
  

 

 

   

 

 

   

 

 

   

 

 

 

Earnings attributable to participating convertible preferred stock shareholders and Series C preferred stock warrant holders

     —         —         —         (52,309 )
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income (loss) attributable to common stockholders

   $ (2,412 )   $ (12,703 )   $ (63,607 )   $ 2,196   
  

 

 

   

 

 

   

 

 

   

 

 

 

Denominator:

        

Weighted average shares outstanding, basic

     22,997,060        3,137        8,762,866        3,137   

Effect of warrants to purchase common stock

     —         —         —         121   

Weighted average shares outstanding, diluted

     22,997,060        3,137        8,762,866        3,258   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income (loss) attributable to common stockholders per share, basic

   $ (0.10 )   $ (4,049.41 )   $ (7.26 )   $ 700.03   

Effect of warrants to purchase common stock

     —         —         —         (25.93 )
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income (loss) attributable to common stockholders per share, diluted

   $ (0.10 )   $ (4,049.41 )   $ (7.26 )   $ 674.10   
  

 

 

   

 

 

   

 

 

   

 

 

 
Summary of Potential Dilutive Common Shares Excluded from Computation of Diluted Net Income (Loss) Attributable to Common Stockholders Per Common Share

Potential dilutive common shares that were excluded from the computation of diluted net income (loss) attributable to common stockholders per share because they were anti-dilutive consist of the following:

 

     Three Months Ended
September 30,
     Nine Months Ended
September 30,
 
     2014      2013      2014      2013  

Series C (including Series C warrants) (a)

     —          104,734         —          —    

Series B (a)

     —          2,905         —          —    

Series A (a)

     —          8,389         —          —    

Common stock options

     1,031,017         281         1,031,017         281   

Restricted common stock units

     318,517         —          318,517         —    

Common stock warrants

     131         —          131         —    
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

     1,349,665         116,309         1,349,665         281   
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(a) Common stock equivalent reflecting conversion.