Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share

v3.10.0.1
Net Loss Per Share
3 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Net Loss Per Share
Net Loss Per Share
Basic net income (loss) per share is calculated by dividing net income (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 was in a net loss position for the three months ended June 30, 2017, 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. For the three months ended June 30, 2018, the Company was in a net income position, and has included the dilutive effect of employee stock-based awards using the treasury method and assuming an average stock price over the period of $1.71.
The following table sets forth the computation of net income (loss) per share of common stock (in thousands, except per share amounts):
 
 
Three Months Ended June 30,
 
 
2018
 
2017
Net income / (loss)
 
$
1,528

 
$
(4,087
)
Weighted-average common shares outstanding, basic
 
76,204

 
66,599

Weighted-average common shares outstanding, diluted
 
79,598

 
66,599

 
 
 
 
 
Basic and diluted net income / (loss) per common share
 
$
0.02

 
$
(0.06
)
Common stock equivalents included in net income per diluted share
 
3,394

 

Common stock equivalents excluded from net loss per diluted share because their effect would have been anti-dilutive
 

 
1,033