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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
Summary of Reconciliation of Numerators and Denominators Used in Basic and Diluted Per Share Computations

The table below presents for the periods indicated a reconciliation of the numerators and denominators we used to compute basic and diluted net income per share for each class of our common stock:

 

    Three Months Ended March 31,  
    2014     2013  
    Class A     Class B     Class A     Class B  
    (in thousands, except per share data)  

Basic and diluted net (loss) income per share:

       

Numerator:

       

Allocation of net (loss) income

  $ (510   $ (124   $ 5,170      $ 1,305   
 

 

 

   

 

 

   

 

 

   

 

 

 

Denominator:

       

Weighted-average shares outstanding

    20,873,043        5,576,775        20,066,755        5,576,775   
 

 

 

   

 

 

   

 

 

   

 

 

 

Basic net (loss) income per share

  $ (0.02   $ (0.02   $ 0.26      $ 0.23   
 

 

 

   

 

 

   

 

 

   

 

 

 

Diluted net (loss) income per share:

       

Numerator:

       

Allocation of net (loss) income

  $ (510   $ (124   $ 5,170      $ 1,305   
 

 

 

   

 

 

   

 

 

   

 

 

 

Denominator:

       

Number of shares used in basic computation

    20,873,043        5,576,775        20,066,755        5,576,775   

Weighted-average shares effect of dilutive securities

       

Add: Director and employee stock options

    380,186        —          291,477        —     
 

 

 

   

 

 

   

 

 

   

 

 

 

Number of shares used in per share computations

    21,253,229        5,576,775        20,358,232        5,576,775   
 

 

 

   

 

 

   

 

 

   

 

 

 

Diluted net (loss) income per share

  $ (0.02   $ (0.02   $ 0.25      $ 0.23   
 

 

 

   

 

 

   

 

 

   

 

 

 
Reconciliation of Diluted Shares Outstanding

We did not include outstanding options to purchase the following number of shares of Class A common stock in our computation of diluted earnings per share because the exercise price of the options was greater than the average market price of our Class A common stock during the applicable period:

 

     Three Months Ended
March 31,
 
     2014      2013  

Number of options to purchase Class A shares excluded

     2,548,500         1,212,000