Annual report pursuant to Section 13 and 15(d)

Net Loss per Common Share

v3.8.0.1
Net Loss per Common Share
 12 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
Net Loss per Common Share
Net Loss per Common 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 year ended March 31, 2018, 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):
 
 
Years Ended March 31,
 
 
2018
 
2017
 
2016
Net loss from operations, net of taxes
 
$
(19,697
)
 
$
(19,138
)
 
$
(24,492
)
Weighted-average common shares outstanding, basic and diluted
 
70,263

 
66,511

 
61,763

Basic and diluted net loss per common share
 
$
(0.28
)
 
$
(0.29
)
 
$
(0.40
)
Common stock equivalents excluded from net loss per diluted share because their effect would have been anti-dilutive
 
2,572,147

 
825,675

 
1,438,355