Net Loss Per Common Share

Basic and diluted net loss per common share is calculated as follows (in thousands, except share and per share data):



	Three Months Ended June 30,						Six Months Ended June 30,
	2017			2016			2017			2016
Numerator:
Net loss	$	(2,569	)	$	(18,708	)	$	(14,171	)	$	(31,849	)
Less: net loss attributable to noncontrolling interest	1,071			813			1,615			1,381
Net loss attributable to On Deck Capital, Inc. common stockholders	$	(1,498	)	$	(17,895	)	$	(12,556	)	$	(30,468	)
Denominator:
Weighted-average common shares outstanding, basic and diluted	72,688,815			70,712,142			72,276,734			70,588,784
Net loss per common share, basic and diluted	$	(0.02	)	$	(0.25	)	$	(0.17	)	$	(0.43	)

Diluted loss per common share is the same as basic loss per common share for all periods presented because the effects of potentially dilutive items were anti-dilutive given our net losses. The following common share equivalent securities have been excluded from the calculation of weighted-average common shares outstanding because the effect is anti-dilutive for the periods presented:



	Three Months Ended June 30,		Six Months Ended June 30,
	2017	2016	2017	2016
Anti-Dilutive Common Share Equivalents
Warrants to purchase common stock	22,000	22,000	22,000	22,000
Restricted stock units	2,757,192	3,356,202	2,757,192	3,356,202
Stock options	9,159,794	10,692,143	9,159,794	10,692,143
Employee stock purchase program	79,315	115,821	130,805	159,438
Total anti-dilutive common share equivalents	12,018,301	14,186,166	12,069,791	14,229,783

The weighted-average exercise price for warrants to purchase 2,007,846 shares of common stock was $10.70 as of June 30, 2017. For the three months and six months ended June 30, 2017, and 2016 a warrant to purchase 1,985,846 and 2,206,496 shares of common stock, respectively, was excluded from anti-dilutive common share equivalents as performance conditions had not been met.