Net Loss per Share

3 Months Ended

Mar. 31, 2020

Net Loss per Share

Net Loss per Share

12. Net Loss per Share

Basic net loss per share is computed by dividing the net loss attributable to common stockholders by the weighted-average number of common shares outstanding for the period, excluding shares subject to repurchase and without consideration of potentially dilutive securities. Diluted net loss per share is computed by giving effect to all potentially dilutive common shares outstanding for the period. For purposes of this computation, outstanding common stock options, and restricted stock units are considered to be common share equivalents. Common share equivalents are excluded from the computation in periods in which they have an anti-dilutive effect, unless the consideration of any one of them gives a dilutive effect.

The following table provides the basic and diluted net loss per share computations for the three months ended March 31, 2020 and 2019.

	Three months ended
	March 31,
(in thousands, except per share data)	2020		2019
Numerator:
Net loss, basic and diluted	$	(35,372)	$	(34,091)
Denominator:
Weighted-average number of shares used in computing net loss per share, basic and diluted		78,287		62,831
Net loss per share, basic and diluted	$	(0.45)	$	(0.54)

The following table shows total outstanding potentially dilutive shares excluded from the computation of diluted loss per share as their effect would be anti-dilutive, as of March 31, 2020 and 2019:

	March 31,
	2020	2019
	(in thousands)
Options to purchase common stock	8,505	9,533
Restricted stock units	4,140	2,086
Employee stock purchase plan	77	99
	12,722	11,718