Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share

v3.7.0.1
Net Loss Per Share
 3 Months Ended
Jun. 30, 2017
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 months ended June 30, 2017 and 2016, 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 June 30,
 
 
2017
 
2016
Net income / (loss)
 
$
(4,175
)
 
$
(7,412
)
Weighted-average common shares outstanding, basic and diluted
 
66,599

 
66,286

Basic and diluted net loss per common share
 
$
(0.06
)
 
$
(0.11
)
Common stock equivalents excluded from net loss per diluted share because their effect would have been anti-dilutive
 
1,033

 
770