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):



	Year Ended December 31,
	2017			2016			2015
Numerator:
Net loss	$	(14,345	)	$	(85,482	)	$	(2,231	)
Less: net loss attributable to noncontrolling interest	2,811			2,524			958
Net loss attributable to On Deck Capital, Inc. common stockholders	$	(11,534	)	$	(82,958	)	$	(1,273	)
Denominator:
Weighted-average common shares outstanding, basic and diluted	72,890,313			70,934,937			69,545,238
Net loss per common share, basic and diluted	$	(0.16	)	$	(1.17	)	$	(0.02	)

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:



	Year Ended December 31,
	2017	2016	2015
Anti-Dilutive Common Share Equivalents
Warrants to purchase common stock	22,000	22,000	309,792
Restricted stock units	3,342,640	3,888,768	1,853,452
Stock options	7,918,853	11,426,296	10,711,321
Employee stock purchase program	127,487	243,208	—
Total anti-dilutive common share equivalents	11,410,980	15,580,272	12,874,565

The weighted-average exercise price for warrants to purchase 2,007,846 shares of common stock was $10.70 as of December 31, 2017. For the year ended December 31, 2017 and 2016, a warrant to purchase 1,985,846 shares of common stock was excluded from anti-dilutive common share equivalents as performance conditions had not been met.