Net Loss Per Share

3 Months Ended

Mar. 31, 2017

(8) Net Loss Per Share

The computation of basic and diluted net loss per share consists of the following:

	Three Months Ended
	March 31,
	2017			2016
	(In thousands, except share and per share data)
Numerator:
Net loss	$	(9,078	)	$	(1,797	)
Denominator:
Weighted average shares outstanding, basic and diluted		23,257,541			23,063,471
Net loss per share, basic and diluted	$	(0.39	)	$	(0.08	)

Potentially dilutive common shares that were excluded from the computation of diluted net loss per share because they were anti-dilutive consist of the following:

	Three Months Ended
	March 31,
	2017		2016
Common stock options		2,382,710		1,952,879
Restricted common stock units		954,928		759,510
Common stock warrants		115		131
Restricted common stock awards		153,277		132,130
Total		3,491,030		2,844,650

In the table above, anti-dilutive shares consist of those common stock equivalents that have (i) an exercise price above the average stock price for the period or (ii) related average unrecognized stock compensation expense sufficient to buy back the entire amount of shares. The Company excludes the shares issued in connection with restricted stock awards from the calculation of basic weighted average common shares outstanding until the restrictions lapse.