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Net Loss Per Share (Tables)
12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Loss per Share

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

 

 

 

 

 

 

 

Years Ended December 31,

 

 

 

2018

 

 

2017

 

 

2016

 

Net loss

 

$

(49,205

)

 

$

(36,658

)

 

$

(31,778

)

Weighted average shares outstanding

 

 

30,051,961

 

 

 

29,424,360

 

 

 

28,492,091

 

Less: weighted average shares subject to repurchase

 

 

 

 

 

(306

)

 

 

(7,088

)

Weighted average shares used to compute basic and

   diluted net loss per share

 

 

30,051,961

 

 

 

29,424,054

 

 

 

28,485,003

 

Net loss per share, basic and diluted

 

$

(1.64

)

 

$

(1.25

)

 

$

(1.12

)

Computation of Potentially Dilutive Securities Outstanding Excluded from Computation of Diluted Shares

The following potentially dilutive securities outstanding at the end of the periods presented have been excluded from the computation of diluted shares outstanding:

 

 

 

December 31,

 

 

 

2018

 

 

2017

 

 

2016

 

Unreleased restricted stock

 

 

1,010,123

 

 

 

720,840

 

 

 

345,555

 

Options to purchase common stock

 

 

2,529,740

 

 

 

2,559,972

 

 

 

2,821,227

 

Convertible senior notes

 

 

1,790,033

 

 

 

1,790,033

 

 

 

1,790,033

 

Warrants related to the issuance of convertible senior notes

 

 

1,790,033

 

 

 

1,790,033

 

 

 

1,790,033

 

Total

 

 

7,119,929

 

 

 

6,860,878

 

 

 

6,746,848