LinkedIn 2012 Annual Report Download - page 90

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The following table presents the calculation of basic and diluted net income per share (in thousands,
except per share data):
Year Ended December 31,
2012 2011 2010
Class A Class B Class A Class B Class B
Basic net income per share:
Numerator:
Allocation of distributed earnings ................ $ 14,735 $ 6,874 $ 1,420 $10,492 $ 15,385
Less: undistributed earnings allocated to preferred
stockholders ............................. — — — — (11,956)
Allocation of distributed earnings attributable to
common stockholders ................... $ 14,735 $ 6,874 $ 1,420 $10,492 $ 3,429
Denominator:
Weighted-average common shares outstanding . . . 71,711 33,455 9,200 67,985 42,446
Basic net income per share ........................ $ 0.21 $ 0.21 $ 0.15 $ 0.15 $ 0.08
Diluted net income per share:
Numerator:
Allocation of distributed earnings for basic
computation ............................. $ 14,735 $ 6,874 $ 1,420 $10,492 $ 15,385
Reallocation of undistributed earnings as a result of
conversion of Class B to Class A shares ......... 6,874 — 10,492 — —
Reallocation of undistributed earnings to Class B
shares .................................. — 902 — 364 —
Less: undistributed earnings allocated to preferred
stockholders ............................. — — — — (11,956)
Allocation of undistributed earnings .......... $ 21,609 $ 7,776 $ 11,912 $10,856 $ 3,429
Denominator:
Number of shares used in basic calculation ......... 71,711 33,455 9,200 67,985 42,446
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 ............................ 33,455 — 85,118 — —
Employee stock options ..................... 7,288 7,151 9,770 9,770 4,013
RSUs and other dilutive securities ............. 390 — 30 — —
Number of shares used in diluted calculation .... 112,844 40,606 104,118 94,888 46,459
Diluted net income per share ...................... $ 0.19 $ 0.19 $ 0.11 $ 0.11 $ 0.07
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