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Net Loss Per Share Attributable to Common Stockholders
6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Net Loss Per Share Attributable to Common Stockholders

Note 12. Net Loss Per Share Attributable to Common Stockholders

The Company calculates basic net loss per share attributable to common stockholders by dividing the net loss attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period.

The diluted net loss per share attributable to common stockholders is computed by giving effect to all potential dilutive common stock equivalents outstanding for the period. For purposes of this calculation, options to purchase common stock, common stock related to unvested restricted stock units, warrants to purchase common stock, convertible senior notes to the extent dilutive, and common stock issuable pursuant to the employee stock purchase plan are considered common stock equivalents but have been excluded from the calculation of diluted net loss per share attributable to common stockholders as their effect is antidilutive. Basic and diluted net loss per share was the same for each period presented, as the inclusion of all potential common shares outstanding would have been antidilutive.

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

 

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

 

 

 

 

 

 

 

*As Adjusted

 

 

 

 

 

 

*As Adjusted

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss attributable to common stockholders

 

 

$

(5,297

)

 

$

(6,912

)

 

$

(13,396

)

 

$

(14,051

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding - basic and diluted

 

 

 

43,921

 

 

 

39,175

 

 

 

43,345

 

 

 

38,793

 

Net loss per common share - basic and diluted

 

 

$

(0.12

)

 

$

(0.18

)

 

$

(0.31

)

 

$

(0.36

)

*See Note 1 for a summary of adjustments

 

 

 

 

 

 

 

 

 

 

 

The following weighted-average outstanding shares of potentially dilutive securities were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented because the impact of including them would have been antidilutive (in thousands):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

 

 

 

 

 

 

 

*As Adjusted

 

 

 

 

 

 

*As Adjusted

 

Stock options to purchase common stock

 

 

 

5,993

 

 

 

10,145

 

 

 

6,463

 

 

 

10,587

 

Unvested restricted stock units (RSUs)

 

 

 

2,389

 

 

 

1,286

 

 

 

2,228

 

 

 

966

 

Common stock issuable under 2016 ESPP

 

 

 

122

 

 

 

212

 

 

 

127

 

 

 

231

 

Warrants to purchase common stock

 

 

 

 

 

 

11

 

 

 

4

 

 

 

11

 

Convertible senior notes

 

 

 

3,515

 

 

 

 

 

 

1,942

 

 

 

 

 

 

 

 

12,019

 

 

 

11,654

 

 

 

10,764

 

 

 

11,795

 

*See Note 1 for a summary of adjustments