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Net Loss Per Share
9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Net Loss Per Share

2. Net Loss Per Share

Basic net loss per share is computed by dividing net loss by the weighted average number of common shares outstanding for the period. Diluted net loss per share is computed by giving effect to all potential dilutive common stock equivalents outstanding for the period. For purposes of the diluted net loss per share calculation, options to purchase common stock, common stock warrants and restricted stock units are considered to be common stock equivalents.

A reconciliation of the denominator used in the calculation of basic and diluted loss per share is as follows (in thousands, except per share amounts):

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended

September 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(11,472

)

 

$

(11,471

)

 

$

(35,878

)

 

$

(33,340

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total weighted average common shares

   outstanding—basic

 

 

34,895

 

 

 

29,535

 

 

 

33,934

 

 

 

29,120

 

Dilutive effect of share equivalents resulting from stock

   options, restricted stock units, common stock warrants

   and common stock subject to repurchase

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding-diluted

 

 

34,895

 

 

 

29,535

 

 

 

33,934

 

 

 

29,120

 

Net loss per common share, basic and diluted

 

$

(0.33

)

 

$

(0.39

)

 

$

(1.06

)

 

$

(1.14

)

 

For all periods presented, we incurred net losses and, therefore, the effect of our outstanding stock options, restricted stock units and common stock warrants was not included in the calculation of diluted loss per share as the effect would be anti-dilutive. The following table contains share totals with a potentially dilutive impact (in thousands):

 

 

 

As of September 30,

 

 

 

2018

 

 

2017

 

Options to purchase common stock

 

 

1,378

 

 

 

2,489

 

Common stock warrants

 

 

 

 

 

17

 

Restricted stock units

 

 

1,611

 

 

 

1,566

 

Total

 

 

2,989

 

 

 

4,072