Earnings Per Share |
Earnings Per Share The computation of the Company’s basic and diluted net income (loss) per share is as follows (in thousands, except per share amounts):
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2020 |
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2019 |
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2020 |
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2019 |
Numerator: |
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Net income (loss) attributable to common stockholders |
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$ |
37,447 |
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$ |
28,990 |
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$ |
(4,074) |
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$ |
13,835 |
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Denominator: |
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Weighted average shares used to compute net income (loss) per share attributable to common stockholders, basic |
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125,003 |
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117,652 |
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121,813 |
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115,790 |
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Weighted average effect of potentially dilutive shares to purchase common stock |
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9,545 |
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7,499 |
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— |
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7,855 |
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Weighted average shares used to compute net income (loss) per share attributable to common stockholders, diluted |
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134,548 |
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125,151 |
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121,813 |
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123,645 |
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Net income (loss) per share attributable to common stockholders |
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Basic |
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$ |
0.30 |
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$ |
0.25 |
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$ |
(0.03) |
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$ |
0.12 |
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Diluted |
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$ |
0.28 |
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$ |
0.23 |
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$ |
(0.03) |
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$ |
0.11 |
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The following shares were excluded from the computation of diluted net income (loss) per share as the impact of including those shares would be anti-dilutive (in thousands):
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2020 |
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2019 |
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2020 |
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2019 |
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Outstanding stock options |
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82 |
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1,540 |
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1,532 |
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1,455 |
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Unvested restricted stock units |
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196 |
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343 |
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1,348 |
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725 |
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Total |
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278 |
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1,883 |
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2,880 |
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2,180 |
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As a result of the Company's completion of the acquisition of Vivint Solar, the Company issued 69,472,495 shares on October 8, 2020 which are not reflected in its calculation of net income (loss) per share for the three and nine months ended September 30, 2020.
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