| Calculation of Basic and Diluted Net Income (Loss) Per Share Attributable to Common Stockholders |
The following tables present the calculation of
basic and diluted net income (loss) per share attributable to
common stockholders (in thousands, except share and per share
data):
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Fiscal
Years Ended June 30, |
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Six
Months Ended
December 31, |
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Nine
Months Ended
September 30, |
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2009 |
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2010 |
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2011 |
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2010 |
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2011 |
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2011 |
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2012 |
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(Unaudited) |
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(Unaudited) |
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Numerator:
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Net income
(loss)
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$ |
(5,906 |
) |
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$ |
(29,705 |
) |
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$ |
9,830 |
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$ |
4,803 |
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$ |
(6,684 |
) |
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$ |
5,148 |
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$ |
(27,417 |
) |
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Accretion
of redeemable convertible preferred stock
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(625 |
) |
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(640 |
) |
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(633 |
) |
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(320 |
) |
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(312 |
) |
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(471 |
) |
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(308 |
) |
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Net income
attributable to participating securities
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— |
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— |
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(7,558 |
) |
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(3,721 |
) |
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— |
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(3,788 |
) |
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— |
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Net income
(loss) attributable to common stockholders—basic
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$ |
(6,531 |
) |
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$ |
(30,345 |
) |
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$ |
1,639 |
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$ |
762 |
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$ |
(6,996 |
) |
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$ |
889 |
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$ |
(27,725 |
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Undistributed earnings reallocated to participating
securities
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$ |
— |
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$ |
— |
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$ |
671 |
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$ |
349 |
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$ |
— |
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$ |
361 |
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$ |
— |
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Net income
(loss) attributable to common stockholders—
diluted
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$ |
(6,531 |
) |
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$ |
(30,345 |
) |
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$ |
2,310 |
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$ |
1,111 |
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$ |
(6,996 |
) |
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$ |
1,250 |
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$ |
(27,725 |
) |
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Denominator:
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Weighted-average shares outstanding Basic
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39,039,066 |
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23,157,576 |
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18,163,977 |
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17,156,445 |
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21,104,219 |
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19,695,440 |
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57,089,411 |
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Effect of
potentially dilutive securities:
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Common
stock options
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— |
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— |
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9,931,509 |
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10,465,912 |
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— |
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10,917,099 |
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— |
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Weighted-average shares outstanding Diluted
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39,039,066 |
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23,157,576 |
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28,095,486 |
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27,622,357 |
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21,104,219 |
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30,612,539 |
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57,089,411 |
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Net income
(loss) per share attributable to common stockholders:
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Basic
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$ |
(0.17 |
) |
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$ |
(1.31 |
) |
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$ |
0.09 |
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$ |
0.04 |
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$ |
(0.33 |
) |
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$ |
0.05 |
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$ |
(0.49 |
) |
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Diluted
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$ |
(0.17 |
) |
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$ |
(1.31 |
) |
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$ |
0.08 |
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$ |
0.04 |
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$ |
(0.33 |
) |
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$ |
0.04 |
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$ |
(0.49 |
) |
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| Summary of Potentially Dilutive Securities |
Potentially dilutive securities not included in
the calculation of diluted net income (loss) per share because
doing so would be antidilutive are as follows:
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Fiscal
Years Ended June 30, |
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Six
Months Ended
December 31, |
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Nine
Months Ended
September 30, |
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|
2009 |
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2010 |
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2011 |
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2010 |
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2011 |
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2011 |
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2012 |
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(Unaudited) |
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(Unaudited) |
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Common
stock options
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19,164,000 |
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16,520,984 |
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7,635,190 |
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7,890,844 |
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39,601,640 |
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8,548,888 |
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37,279,442 |
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Warrants
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414,816 |
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— |
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— |
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— |
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— |
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— |
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— |
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Convertible
preferred stock
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59,777,936 |
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83,703,016 |
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83,703,016 |
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83,703,016 |
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83,703,016 |
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83,703,016 |
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— |
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Restricted
stock units
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— |
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— |
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— |
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— |
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— |
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— |
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1,134,851 |
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Common
stock subject to repurchase
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— |
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— |
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83,551 |
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— |
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578,616 |
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288,350 |
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349,165 |
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ESPP
obligations
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— |
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— |
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— |
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— |
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— |
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— |
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468,704 |
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Total
potentially dilutive securities
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79,356,752 |
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100,224,000 |
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91,421,757 |
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91,593,860 |
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123,883,272 |
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92,540,254 |
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39,232,162 |
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