Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share

v3.6.0.2
Net Loss Per Share
 9 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Net Loss Per Share
Net Loss Per Share
Basic net loss per share is calculated by dividing net loss by the weighted-average number of shares of common stock outstanding during the period, less shares subject to repurchase, and excludes any dilutive effects of employee stock-based awards in periods where the Company has net losses. Because the Company had net losses for the three and nine months ended December 31, 2016 and three and nine months ended December 31, 2015, all potentially dilutive shares of common stock were determined to be anti-dilutive, and accordingly, were not included in the calculation of diluted net loss per share.
The following table sets forth the computation of net loss per share of common stock (in thousands, except per share amounts):
 
 
Three Months Ended December 31,
 
Nine Months Ended December 31,
 
 
2016
 
2015
 
2016
 
2015
Net loss
 
$
(2,586
)
 
$
(5,763
)
 
$
(17,339
)
 
$
(22,204
)
Weighted-average common shares outstanding, basic and diluted
 
66,634

 
65,979

 
66,416

 
60,201

Basic and diluted net loss per common share
 
$
(0.04
)
 
$
(0.09
)
 
$
(0.26
)
 
$
(0.37
)
Common stock equivalents excluded from net loss per diluted share because their effect would have been anti-dilutive
 
123

 
674

 
218

 
1,473