Net Loss Per Share

3 Months Ended

Mar. 31, 2021

The following table sets forth the computation of basic and diluted loss per share (in thousands, except per share data):


	Three Months Ended March 31,
	2021		2020
Net loss	$	(8,418)	$	(10,669)
Loss from continuing operations	$	(8,418)	$	(10,390)
Loss from discontinued operations, net of taxes	$	—	$	(279)

Weighted-average common shares outstanding, basic and diluted	98,581		107,024

Loss per share, basic and diluted
Continuing operations	$	(0.09)	$	(0.10)
Discontinued operations	$	0.00	$	0.00

The following table presents the number of anti-dilutive shares excluded from the calculation of diluted loss per share at March 31, 2021 and 2020 (in thousands):


	March 31,
	2021	2020
Options to purchase common stock	9,855	12,052
Common stock warrants	510	1,459
Non-vested restricted stock unit awards	7,225	10,183
Total shares excluded from net loss per share	17,590	23,694

Share Repurchase Program

In July 2020, the Company’s board of directors authorized an open market stock repurchase program (the “Program”) of up to $75 million to allow for the repurchase of shares of the Company’s common stock through September 30, 2022. The timing and amount of any repurchases will be determined by Company management based on its evaluation of market conditions and other factors. Repurchases of the Company’s common stock may be made under a Rule 10b5-1 plan, which would permit common stock to be repurchased when the Company might otherwise be precluded from doing so under insider trading laws, open market purchases, privately-negotiated transactions, block purchases or otherwise in accordance with applicable federal securities laws. The Program may be suspended or discontinued at any time and does not obligate the Company to purchase any minimum number of shares. For the three months ended March 31, 2021, the Company repurchased and retired a total of 1.7 million shares under the Program for $7.8 million. As of March 31, 2021, the Company had a remaining authorization of $25.0 million for future share repurchases.