Gaia, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Net Income (Loss) per Share

Net Income (Loss) per Share

9 Months Ended

Sep. 30, 2016

7. Net Income (Loss) per Share

Basic net income (loss) per share excludes any dilutive effects of options. We compute basic net income (loss) per share using the weighted average number of shares of common stock outstanding during the period. We compute diluted net income (loss) per share using the weighted average number of shares of common stock and common stock equivalents outstanding during the period. We excluded common stock equivalents of 295,000 and 943,000 from the computation of diluted net loss per share for the three months ended September 30, 2016 and 2015, respectively, and 852,000 and 957,000 for the nine months ended September 30, 2016 and 2015, respectively, because their effect was antidilutive.

The following table sets forth the computation of basic and diluted net income (loss) per share:


	Three Months Ended September 30,						Nine Months Ended September 30,
(in thousands, except per share data)	2016			2015			2016			2015
Net income (loss):
Loss from continuing operations	$	(151	)	$	(660	)	$	(7,361	)	$	(5,657	)
Income (loss) from discontinued operations		100,595			(8,154	)		97,741			(8,165	)

Net income (loss)	$	100,444		$	(8,814	)	$	90,380		$	(13,822	)

Weighted average shares for basic net income (loss) per share		15,138			24,517			21,417			24,507

Effect of dilutive securities		—			—			—			—

Weighted average shares for diluted net income (loss) per share		15,138			24,517			21,417			24,507

Net income (loss) per share —basic and diluted:
Loss from continuing operations	$	(0.01	)	$	(0.03	)	$	(0.34	)	$	(0.23	)
Income (loss) from discontinued operations	$	6.65		$	(0.33	)	$	4.56		$	(0.33	)

Basic and diluted net income (loss) per share	$	6.64		$	(0.36	)	$	4.22		$	(0.56	)