Net Loss per Share Attributable to Common Stockholders

6 Months Ended

Aug. 02, 2020

Net Loss per Share Attributable to Common Stockholders

Basic and diluted net loss per share attributable to common stockholders is presented in conformity with the two-class method required for participating securities. Basic net loss per share attributable to common stockholders is computed by dividing the net loss attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period, less shares subject to repurchase. Diluted net loss per share attributable to common stockholders is computed by giving effect to all potentially dilutive common stock equivalents, including our outstanding stock options, common stock related to unvested RSUs and PRSUs, repurchasable shares from restricted stock, our Notes to the extent dilutive, and common stock issuable pursuant to the ESPP. These potentially dilutive common stock equivalents have been excluded from the calculation of diluted net loss per share attributable to common stockholders as their effect is anti-dilutive.

The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders (in thousands, except per share data):


	Second Quarter of Fiscal						First Two Quarters of Fiscal
	2020		2021		2020		2021
Net loss	$	(66,018)	$	(64,967)	$	(166,354)	$	(155,561)
Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted	251,298		264,799		248,336		263,867
Net loss per share attributable to common stockholders, basic and diluted	$	(0.26)	$	(0.25)	$	(0.67)	$	(0.59)

The following weighted-average outstanding shares of common stock equivalents were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented because including them would have been anti-dilutive (in thousands):


	Second Quarter of Fiscal			First Two Quarters of Fiscal
	2020	2021	2020	2021
Stock options to purchase common stock	31,739	23,329	32,852	24,482
Unvested RSUs and PRSUs	25,513	33,286	24,743	31,216
Restricted stock subject to repurchase	2,917	1,236	2,777	1,473
Shares related to convertible senior notes	21,884	21,884	21,884	21,884
Shares issuable pursuant to the ESPP	720	2,040	720	2,040

Total	82,773	81,775	82,976	81,095