Net Income (Loss) Per Share

9 Months Ended

Sep. 30, 2015

Earnings Per Share [Abstract]

Net Income (Loss) Per Share

Note 8 — Net Income (Loss) Per Share

Basic net income (loss) per share is calculated based on the weighted-average number of common shares outstanding during the periods presented. Diluted net income (loss) per share is calculated based on the weighted-average number of common shares outstanding, including potentially dilutive securities. For all periods presented in the accompanying Condensed Consolidated Statements of Operations, the net income (loss) available to common stockholders is equal to the reported net income (loss).

The calculation of diluted net income per share for the three months ended September 30, 2014 includes the weighted average of potentially dilutive securities, which consists of approximately 4.7 million common shares underlying stock options.

For periods in which we have generated a net loss, basic and diluted net loss per share are the same due to the requirement to exclude potentially dilutive securities, consisting of common shares underlying outstanding stock options and RSUs, which would have an anti-dilutive effect on net loss per share. There were weighted average outstanding stock options and RSUs of 20.6 million during the three months ended September 30, 2015 and weighted average outstanding stock options and RSUs of 21.3 million and 21.9 million during the nine months ended September 30, 2015 and 2014, respectively.