Carbonite 2011 Annual Report Download - page 64
Download and view the complete annual report
Please find page 64 of the 2011 Carbonite annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54 -
55 -
56 -
57 -
58 -
59 -
60 -
61 -
62 -
63 -
64 -
65 -
66 -
67 -
68 -
69 -
70 -
71 -
72 -
73 -
74 -
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
 |
 |
Table of Contents
Carbonite, Inc.
Company does not believe that the adoption of this amendment will have a material impact on the Company’s financial position or results of operations.
3. Net Loss per Share
The Company calculates basic and diluted net loss per share of common stock by dividing the net loss adjusted for the dividend on the redeemable
convertible preferred stock by the weighted average number of shares of common stock outstanding during the period. The Company has excluded
(a) all unvested restricted shares of common stock that are subject to repurchase and (b) the Company’s other potentially dilutive shares, which include
redeemable and convertible preferred stock, a warrant for redeemable convertible preferred stock, and outstanding options to purchase common stock,
from the weighted average number of shares of common stock outstanding as their inclusion in the computation for all periods would be anti-dilutive
due to net losses. The Company’s redeemable and convertible preferred stock are participating securities as defined by ASC 260-10, Earnings Per
Share , but are excluded from the earnings per share calculation as they do not have an obligation to share in the Company’s net losses.
The Company’s net loss per share is calculated as follows (in thousands, except per share data):
The following potentially dilutive shares of common stock have been excluded from the computation of diluted weighted-average shares
outstanding as of December 31, 2011, 2010, and 2009 as they would be anti-dilutive (in thousands):
4. Short-term Investments and Fair Value of Financial Instruments
At December 31, 2011, the Company’s short-term investments consisted of marketable securities with maturities within one year as follows (in
thousands):
60
2011
2010
2009
Net loss
$
(23,536
)
$
(25,763
)
$
(19,225
)
Accretion of redeemable convertible preferred stock
(128
)
(210
)
(210
)
Net loss attributable to common stockholders
$
(23,664
)
$
(25,973
)
$
(19,435
)
Weighted
-
average number of shares of common stock, basic and diluted
12,841
4,399
4,065
Net loss per share attributable to common stockholders, basic and diluted
$
(1.84
)
$
(5.90
)
$
(4.78
)
Years Ended December 31,
2011
2010
2009
Redeemable and convertible preferred stock
—
13,483
13,418
Options to purchase common stock
2,867
2,473
2,598
Restricted shares of common stock
9
27
47
Warrant
11
11
11
Total
2,887
15,994
16,074
December 31, 2011
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair
Value
U.S. government agency securities
$
12,686
—
$
(
2
)
$
12,684
Total
$
12,686
—
$
(
2
)
$
12,684