Green Dot 2015 Annual Report Download - page 92

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86
Note 14—Earnings per Common Share (continued)
For the periods presented, we excluded all shares of convertible preferred stock and certain stock options
outstanding, which could potentially dilute basic EPS in the future, from the computation of diluted EPS as their effect
was anti-dilutive. The following table shows the weighted-average number of anti-dilutive shares excluded from the
diluted EPS calculation:
Year Ended December 31,
2015 2014 2013
(In thousands)
Class A common stock
Options to purchase Class A common stock 650 598 994
Restricted stock units 31 15 39
Conversion of convertible preferred stock 1,518 5,282 6,859
Total options, restricted stock units and convertible preferred stock 2,199 5,895 7,892
Note 15—Fair Value Measurements
We determine the fair values of our financial instruments based on the fair value hierarchy established under
applicable accounting guidance which requires an entity to maximize the use of observable inputs and minimize the
use of unobservable inputs when measuring fair value. There are three levels of inputs used to measure fair value.
For more information regarding the fair value hierarchy and how we measure fair value, see Note 2–Summary of
Significant Accounting Policies.
As of December 31, 2015 and 2014, our assets and liabilities carried at fair value on a recurring basis were as
follows:
Level 1 Level 2 Level 3 Total Fair Value
December 31, 2015 (In thousands)
Assets
Corporate bonds $—$33,154 $—$33,154
Commercial paper — 6,505 — 6,505
U.S. Treasury notes — 17,525 — 17,525
Agency securities — 4,015 — 4,015
Mortgage-backed securities — 99,772 — 99,772
Municipal bonds — 1,900 — 1,900
Asset-backed securities — 18,668 — 18,668
Total assets $—$ 181,539 $ —$181,539
Liabilities
Contingent consideration $—$—$13,889 $13,889
December 31, 2014
Assets
Corporate bonds $ —$40,389 $—$40,389
Commercial paper — 7,649 — 7,649
U.S. Treasury notes — 14,771 — 14,771
Agency securities — 2,950 — 2,950
Mortgage-backed securities — 35,362 — 35,362
Municipal bonds — 5,595 — 5,595
Asset-backed securities — 13,715 — 13,715
Total assets $ —$ 120,431 $ —$120,431
Liabilities
Contingent consideration $ —$—$23,160 $23,160