Net Loss per Share

9 Months Ended

Sep. 30, 2017

14.Net Loss per Share

The following table sets forth the computation of basic and diluted net loss per share for the three and nine months ended September 30, 2017 and 2016 (in thousands, except per share data):


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2017		2016		2017		2016
Numerator:
Net loss	$	(17,065)	$	(14,593)	$	(48,442)	$	(56,974)
Denominator:
Weighted–average shares outstanding		95,024		86,714		92,826		85,017
Less: weighted average shares subject to repurchase		—		(1)		(1)		(9)
Weighted–average shares used to compute basic and diluted net loss per share		95,024		86,713		92,825		85,008
Basic and diluted net loss per share	$	(0.18)	$	(0.17)	$	(0.52)	$	(0.67)

Basic net loss per share is computed by dividing the net loss by the weighted-average number of common shares outstanding for the period. Because we have reported a net loss for the three and nine months ended September 30, 2017 and 2016, the number of shares used to calculate diluted net loss per common share is the same as the number of shares used to calculate basic net loss per common share for those periods presented because the potentially dilutive shares would have been anti-dilutive if included in the calculation.

The following potentially dilutive securities have been excluded from the computation of diluted weighted-average shares outstanding because such securities have an antidilutive impact due to losses reported (in common stock equivalent shares):


	September 30,	September 30,
	2017	2016
Stock options outstanding, net of unvested exercised stock options	7,896,734	10,736,433
Unvested restricted stock units	13,241,111	11,210,178
ESPP shares	262,007	271,174
Stock-settled bonus shares	987,177	1,105,943
Total potentially dilutive securities	22,387,029	23,323,728

For September 30, 2016, we have corrected the previously reported amount to include 1.4 million additional shares related to our ESPP and stock-settled bonus plans that were excluded from the computation of the weighted-average diluted shares because such securities have an antidilutive impact due to losses reported. We do not consider this correction to be material, and there was no impact to our consolidated interim financial statements.