Net Income (Loss) Per Share/Unit (Tables)

12 Months Ended

Dec. 31, 2017

Calculation of basic and diluted net income (loss) per share/unit

The following table sets forth the calculation of basic and diluted net income (loss) per share/unit during the periods presented (in thousands, except share/unit and per share/unit data):



	Years Ended December 31,
	2017			2016		2015
	(in thousands, except share/unit and per share/unit data)
Net income (loss) per share/unit:
Numerator—basic and diluted:
Net (loss) income attributable to Switch, Inc.—basic and diluted	$	(15,208	)	$	31,368	$	73,472
Denominator—basic:
Weighted average shares/units outstanding—basic⁽¹⁾	8,073,908			199,047,070		196,773,458
Net (loss) income per share/unit—basic	$	(1.88	)	$	0.16	$	0.37
Denominator—diluted:
Weighted average shares/units outstanding—basic⁽¹⁾	8,073,908			199,047,070		196,773,458
Weighted average effect of dilutive securities:
Effect of dilutive options	—			230,511		1,498,228
Effect of unvested Incentive Units	—			4,183,839		1,000,583
Weighted average shares/units outstanding—diluted⁽¹⁾	8,073,908			203,461,420		199,272,269
Net (loss) income per share/unit—diluted	$	(1.88	)	$	0.15	$	0.37

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(1)	Amounts for the year ended December 31, 2017 represent shares of Class A common stock outstanding. Amounts for the years ended December 31, 2016 and 2015 represent Common Units outstanding.

Potentially dilutive securities excluded from the computation of diluted net income (loss) per share/unit

The following table presents potentially dilutive securities excluded from the computation of diluted net income (loss) per share/unit for the periods presented because their effect would have been anti-dilutive.



	Years Ended December 31,
	2017	2016	2015
Weighted average unvested Incentive Units	—	533,390	4,233,993
Stock options⁽¹⁾	5,724,896	—	—
RSUs⁽¹⁾	30,383	—	—
Shares of Class B and Class C common stock⁽²⁾	216,568,963	—	—

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(1)	Represents the number of instruments outstanding at the end of the period. Application of the treasury stock method would reduce this amount if they had a dilutive effect and were included in the computation of diluted net income (loss) per share.


(2)	Shares of Class B common stock and Class C common stock at the end of the period are considered potentially dilutive shares of Class A common stock under application of the if-converted method.