XML 49 R14.htm IDEA: XBRL DOCUMENT v3.6.0.2
Basic And Diluted Net Income Per Share
12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Basic And Diluted Net Income Per Share
BASIC AND DILUTED NET INCOME (LOSS) PER SHARE

The following sets forth the computation of basic and diluted net income (loss) per share:
 
Years Ended December 31,
In thousands, except per share amounts
2016
 
2015
 
2014
Numerator:
 
 
 
 
 
Net income (loss)
$
11,237

 
$
(15,128
)
 
$
(19,111
)
Denominator:
 
 
 
 
 
Basic weighted-average shares outstanding
27,012

 
27,429

 
28,437

Effect of dilutive employee stock options and restricted stock units
321

 

 

Diluted weighted-average shares outstanding
27,333

 
27,429

 
28,437

Net income (loss) per share—basic
$
0.42

 
$
(0.55
)
 
$
(0.67
)
Net Income (loss) per share—diluted
$
0.41

 
$
(0.55
)
 
$
(0.67
)


The dilutive effect of outstanding options and restricted stock units is reflected in diluted net income per share, but not diluted net loss per share, by application of the treasury stock method, which includes consideration of stock-based compensation required by U.S. GAAP. As the Company reported net losses for each of the years ended December 31, 2015 and 2014, both basic and diluted net loss per share are the same.

For the year ended December 31, 2016, a total of 2.0 million shares of common stock subject to options and restricted stock units was excluded from the computation of diluted net income per share as the resulting effect would have been anti-dilutive, compared to 3.0 million shares and 2.7 million shares for the years ended December 31, 2015 and 2014, respectively. Options and restricted stock units are anti-dilutive when we have a net loss or when the exercise price of the stock option and the average unrecognized compensation cost of the stock option or restricted stock unit are greater than the average market price of our common stock.