Net Loss Per Share

9 Months Ended

Sep. 30, 2016

Net Loss Per Share

Net Loss Per Share

Note 2.  Net Loss Per Share

Basic net loss per share is calculated by dividing net loss for the period by the weighted-average number of common shares outstanding for the period without consideration of potential common shares. Diluted net loss per share is calculated by dividing net loss by the weighted-average number of common shares outstanding for the period and dilutive potential common shares for the period determined using the treasury-stock method. For purposes of this calculation, options to purchase common stock and restricted stock unit (“RSU”) awards are considered to be potential common shares and are not included in the calculation of diluted net loss per share because their effect is anti-dilutive.

Options to purchase 602,000 and 616,000 shares of the Company’s common stock were outstanding during the three and nine months ended September 30, 2016, respectively, and 189,000 and 135,000 RSUs were outstanding during the three and nine months ended September 30, 2016, respectively, but were not included in the computation of diluted net loss per share because their effect is anti-dilutive.  Options to purchase 671,000 and 853,000 shares of the Company’s common stock were outstanding during the three and nine months ended September 30, 2015, respectively, and 106,000 and 116,000 RSUs were outstanding during the three and nine months ended September 30, 2015, respectively, but were not included in the computation of diluted net loss per share because their effect is anti-dilutive.