Anuvu Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Net Loss Per Share

Net Loss Per Share

12 Months Ended

Dec. 31, 2015

Basic loss per share (EPS) is computed using the weighted-average number of common shares outstanding during the period. Diluted loss per share is computed using the weighted-average number of common shares and the dilutive effect of contingent shares outstanding during the period. Potentially dilutive contingent shares, which primarily consist of stock options issued to employees and consultants, restricted stock units, warrants issued to third parties and accounted for as equity or liability instruments and convertible senior notes have been excluded from the diluted loss per share calculation because their effect is anti-dilutive. As illustrated in the table below, the change in the fair value of the Company’s warrants, which are assumed to be converted into the Company’s common stock upon exercise, are adjusted to net income for purposes of computing dilutive loss per share for the year ended December 31, 2015. Common shares to be issued upon the exercise of warrant instruments classified as liabilities are included in the calculation of diluted loss per share when dilutive.

The following table sets forth the computation of basic and diluted net loss per share of common stock (in thousands, except per share amounts):



	2015			2014			2013
Net income (loss) (Numerator):
Net loss	$	(2,126	)	$	(57,194	)	$	(114,741	)
Net income attributable to noncontrolling interest	—			194			290
Net loss attributable to Global Eagle Entertainment, Inc. common stockholders for basic and diluted EPS	$	(2,126	)	$	(57,388	)	$	(115,031	)

Less: adjustment for change in fair value on warrants liability for diluted EPS after assumed exercise of warrants liability	11,938			—			—
Net loss for dilutive EPS	$	(14,064	)	$	(57,388	)	$	(115,031	)

Shares (Denominator):
Weighted average common shares outstanding - basic	77,558			73,300			53,061
Dilutive effect of stock options and warrants	836			—			—
Weighted average common shares outstanding - diluted	78,394			73,300			53,061

Net loss per share - basic	$	(0.03	)	$	(0.78	)	$	(2.17	)
Net loss per share - diluted	$	(0.18	)	$	(0.78	)	$	(2.17	)

As of each period end, the following weighted average common equivalent shares were excluded from the calculation of the Company's net income (loss) per share as their inclusion would have been antidilutive (in thousands):



	2015	2014	2013
Stock options	3,200	2,025	3,457
Restricted stock units	44	3	—
Non-employees stock options	1	5	—
Equity warrants	430	1,101	7,596
Convertible notes	3,850	—	—
Liability warrants	—	1,356	18,893