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Net Loss per Share of Common Stock
6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Net Loss per Share of Common Stock

8. Net loss per share of Common Stock

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

 

 

Three Months Ended

 

 

Six Months Ended

 

 

June 30,

 

 

June 30,

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Net loss

$

(36,597

)

 

$

(22,118

)

 

$

(66,319

)

 

$

(46,349

)

Weighted-average shares used to compute basic and diluted net loss per share

 

35,316

 

 

 

29,489

 

 

 

35,001

 

 

 

29,455

 

Basic and diluted net loss per common share

$

(1.04

)

 

$

(0.75

)

 

$

(1.89

)

 

$

(1.57

)

 

Basic net loss per share is computed by dividing the net loss by the weighted-average number of common shares outstanding for the period. Diluted net loss per share is computed by dividing the net loss per common share by the weighted-average number of common shares and dilutive common stock equivalents outstanding for the period, determined using the treasury-stock method and the as-if converted method, for convertible securities, if inclusion of these is dilutive. Because the Company has reported a net loss for all periods presented, diluted net loss per share is the same as basic net loss per common share for those periods.

The following potentially dilutive securities outstanding at the end of the periods presented have been excluded from the computation of diluted shares outstanding as the effect would be anti-dilutive:

 

 

June 30,

 

 

2017

 

 

2016

 

Options to purchase common stock

 

4,898,934

 

 

 

4,403,810

 

Restricted stock units

 

889,453

 

 

 

532,835