Rosetta Stone 2015 Annual Report Download - page 72
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Table of Contents
Net loss per share is computed under the provisions of ASC topic 260, . Basic loss per share is computed using net loss and the
weighted average number of shares of common stock outstanding. Diluted loss per share reflect the weighted average number of shares of common stock
outstanding plus any potentially dilutive shares outstanding during the period. Potentially dilutive shares consist of shares issuable upon the exercise of
stock options, restricted stock awards, restricted stock units and conversion of shares of preferred stock. Common stock equivalent shares are excluded from
the diluted computation if their effect is anti-dilutive. When there is a net loss, there is a presumption that there are no dilutive shares as these would be anti-
dilutive.
The following table sets forth the computation of basic and diluted net loss per common share:
Net loss
$ (46,796)
$ (73,706)
$ (16,134)
Common shares and equivalents outstanding:
Basic weighted average shares
21,571
21,253
21,528
Diluted weighted average shares
21,571
21,253
21,528
Loss per share:
Basic
$ (2.17)
$ (3.47)
$ (0.75)
Diluted
$ (2.17)
$ (3.47)
$ (0.75)
For the years ended December 31, 2015, 2014 and 2013, no common stock equivalent shares were included in the calculation of the Company’s
diluted net loss per share. The following is a summary of common stock equivalents for the securities outstanding during the respective periods that have
been excluded from the earnings per share calculations as their impact was anti-dilutive.
Stock options
35
67
279
Restricted stock units
39
103
90
Restricted stocks
82
89
248
Total common stock equivalent shares
156
259
617
Comprehensive (loss) income consists of net loss and other comprehensive (loss) income. Other comprehensive (loss) income refers to revenues,
expenses, gains, and losses that are not included in net loss, but rather are recorded directly in stockholders' equity. For the years ended December 31, 2015,
2014 and 2013, the Company's comprehensive (loss) income consisted of net loss and foreign currency translation gains (losses). The other comprehensive
(loss) income presented in the consolidated financial statements and the notes are presented net of tax. There have been no tax expense or benefit associated
with the components other comprehensive loss due to the presence of a full valuation allowance for each of the years ended December 31, 2015, 2014 and
2013.
F-16