LinkedIn 2011 Annual Report Download - page 86

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The following table presents the calculation of basic and diluted net income (loss) per share (in thousands,
except per share data):
Year Ended December 31,
2011 2010 2009
Class A Class B Class B Class B
Basic net income (loss) per share:
Numerator:
Allocation of distributed earnings ...................... $ 1,420 $10,492 $ 15,385 $ (3,973)
Less: undistributed earnings allocated to preferred
stockholders ..................................... — — (11,956) —
Allocation of distributed earnings attributable to
common stockholders ..................... $ 1,420 $10,492 $ 3,429 $ (3,973)
Denominator:
Weighted-average common shares outstanding . . . 9,200 67,985 42,446 41,184
Basic net income (loss) per share .............................. $ 0.15 $ 0.15 $ 0.08 $ (0.10)
Diluted net income (loss) per share:
Numerator:
Allocation of distributed earnings (loss) for basic
computation ..................................... $ 1,420 $10,492 $ 15,385 $ (3,973)
Reallocation of undistributed earnings as a result of
conversion of Class B to Class A shares ............... 10,492 — — —
Reallocation of undistributed earnings to Class B shares .... — — — —
Less: undistributed earnings allocated to preferred
stockholders..................................... — 364 (11,956) —
Allocation of undistributed earnings ............ $ 11,912 $10,856 $ 3,429 $ (3,973)
Denominator:
Number of shares used in basic calculation .............. 9,200 67,985 42,446 41,184
Weighted average effect of dilutive securities Add:
Conversion of preferred stock in connection with initial
public offering ............................... — 17,133 — —
Conversion of Class B to Class A common shares
outstanding ................................. 85,118 — — —
Employee stock options ......................... 9,770 9,770 4,013 —
Restricted stock units . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 — — —
Employee stock purchase plan .................... 8 — — —
Number of shares used in diluted calculation ..... 104,118 94,888 46,459 41,184
Diluted net income (loss) per share ............................. $ 0.11 $ 0.11 $ 0.07 $ (0.10)
The following weighted-average employee stock options were excluded from the calculation of diluted net
income (loss) per share because their effect would have been anti-dilutive for the periods presented (in
thousands):
Year Ended December 31,
2011 2010 2009
Employeestockoptions................................... 418 3 10
Restrictedstockunits..................................... 88 — —
Total.............................................. 506 3 10
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