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Net Loss Per Share Attributable to Common Stockholders
9 Months Ended
Sep. 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 shares of common stock, including outstanding 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. 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 September 30,

 

 

Nine Months Ended September 30,

 

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

 

 

 

 

 

 

 

*As Adjusted

 

 

 

 

 

 

*As Adjusted

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss attributable to common stockholders

 

 

$

(4,570

)

 

$

(4,112

)

 

$

(17,966

)

 

$

(18,163

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding - basic and diluted

 

 

 

44,785

 

 

 

40,120

 

 

 

43,830

 

 

 

39,240

 

Net loss per common share - basic and diluted

 

 

$

(0.10

)

 

$

(0.10

)

 

$

(0.41

)

 

$

(0.46

)

*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 September 30,

 

 

Nine Months Ended September 30,

 

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Stock options to purchase common stock

 

 

 

5,312

 

 

 

9,224

 

 

 

6,075

 

 

 

10,127

 

Unvested restricted stock units (RSUs)

 

 

 

2,485

 

 

 

1,829

 

 

 

2,315

 

 

 

1,257

 

Common stock issuable under 2016 ESPP

 

 

 

106

 

 

 

158

 

 

 

120

 

 

 

207

 

Warrants to purchase common stock

 

 

 

 

 

 

11

 

 

 

3

 

 

 

11

 

Convertible senior notes

 

 

 

3,659

 

 

 

 

 

 

2,573

 

 

 

 

 

 

 

 

11,562

 

 

 

11,222

 

 

 

11,086

 

 

 

11,602