Annual report pursuant to Section 13 and 15(d)

Net Loss Per Share (Tables)

v3.8.0.1
Net Loss Per Share (Tables)
 12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Schedule of basic and diluted net loss per share of common stock
The following table sets forth the computation of basic and diluted net loss per share of common stock (in thousands, except per share amounts):

 
Year Ended December 31,
 
2016
 
2015
 
2014
Net income (loss) (Numerator):
 
 
 
 
 
Net loss
$
(112,932
)
 
$
(2,126
)
 
$
(57,194
)
Net income attributable to non-controlling interest
—

 
—

 
194

Net loss attributable to Global Eagle Entertainment, Inc. common stockholders for basic and diluted EPS
$
(112,932
)
 
$
(2,126
)
 
$
(57,388
)
 
 
 
 
 
 
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
$
(112,932
)
 
$
(14,064
)
 
$
(57,388
)
 
 
 
 
 
 
Shares (Denominator):
 
 
 
 
 
Weighted average common shares outstanding - basic
81,269

 
77,558

 
73,300

Dilutive effect of stock options and warrants
—

 
836

 
—

Weighted average common shares outstanding - diluted
81,269

 
78,394

 
73,300

 
 
 
 
 
 
Net loss per share:
 
 
 
 
 
Basic
$
(1.39
)
 
$
(0.03
)
 
$
(0.78
)
Diluted
$
(1.39
)
 
$
(0.18
)
 
$
(0.78
)
Schedule of antidilutive securities
The following weighted average common equivalent shares are excluded from the calculation of the Company’s net loss per share as their inclusion would have been anti-dilutive (in thousands):

 
Year Ended December 31,
 
2016
 
2015
 
2014
Employee stock options
6,203

 
3,200

 
2,025

Restricted stock units (including performance stock units)
306

 
44

 
3

Non-employees stock options
—

 
1

 
5

Equity warrants (1)
1,165

 
430

 
1,101

Public SPAC Warrants (2)
6,173

 
—

 
1,356

Convertible notes
4,447

 
3,850

 
—

EMC deferred consideration (3)
1,428

 
—

 
—

Contingently issuable shares (4)
354

 
—

 
—


(1)
Legacy Row 44 Warrants originally issuable for Row 44 common stock and Row 44 Series C preferred stock, and later issuable for the Company’s Common Stock. The exercise period for these Legacy Row 44 Warrants has now expired.

(2)
Warrants issued in the Company’s initial public offering to non-sponsor stockholders.

(3)
The Company elected to pay $25.0 million in newly issued shares of Company’s common stock at the Company's option on July 27, 2017 (one year after the EMC Acquisition Date).

(4)
In connection with the Sound-Recording Settlement, the Company is obligated to issue to UMG 0.5 million shares of common stock when and if the closing price of the Company's common stock exceeds $10.00 per share and 0.4 million shares of common stock when and if the closing price of the Company’s common stock exceeds $12.00 per share.