Net Loss Per Share

6 Months Ended

Jun. 30, 2021

Net (Loss) Per Share

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


	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Net loss	$	(7,283)	$	(11,242)	$	(15,701)	$	(21,911)
Loss from continuing operations	$	(7,115)	$	(11,374)	$	(15,533)	$	(21,764)
(Loss) income from discontinued operations, net of taxes	$	(168)	$	132	$	(168)	$	(147)

Weighted-average common shares outstanding, basic and diluted	98,810		107,535		98,696		107,279

(Loss) income per share, basic and diluted
Continuing operations	$	(0.07)	$	(0.11)	$	(0.16)	$	(0.20)
Discontinued operations	$	0.00	$	0.00	$	0.00	$	0.00

The following table presents the number of anti-dilutive shares excluded from the calculation of diluted loss per share at June 30, 2021 and 2020 (in thousands):


	June 30,
	2021	2020
Options to purchase common stock	9,312	10,740
Common stock warrants	510	1,459
Non-vested restricted stock unit awards	8,573	8,606
Total shares excluded from net loss per share	18,395	20,805

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. In May 2021, the Company’s board of directors increased the authorization of the Program by an additional $75 million, bringing the total authorization to $150 million. 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. During the six months ended June 30, 2021, the Company repurchased and retired a total of 3.8 million shares under the Program for $19.3 million. As of June 30, 2021, the Company had a remaining authorization of $88.5 million for future share repurchases.